Tag: alibaba group
China Roundup: Beijing is tearing down the digital ‘walled gardens’
Hello and welcome back to TechCrunch’s China roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. This week, China gets serious about breaking down the walled gardens that its internet giants have formed for decades. Two…
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China roundup: Alibaba’s sexual assault scandal and more delayed IPOs
Hello and welcome back to TechCrunch’s China roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. A sexual assault case at Alibaba has sparked a new round of #MeToo reckoning in China. Industry observers believe this is…
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Exclusive: Hepsiburada CEO sets out her vision, as it becomes first ever Turkish Nasdaq IPO
Hepsiburada — Turkey’s giant online shopping platform considered the Amazon of its country — floats on the Nasdaq today, for a valuation likely to exceed $3.9 billion on current projections, especially with shares being marked up to $14 apiece (up from the previously predicted $12 pricing). Bu this isn’t the end of the journey for this…
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China’s draft payments rules put Ant, Tencent on notice
A string of recent events in China’s payments industry suggests the duopoly comprising Ant Group and Tencent may be getting a shakeup. Following the abrupt call-off of Ant’s public sale and a government directive to reform the firm’s business, the Chinese authorities sent another message this week signaling its plan…
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Alibaba shares jump on Jack Ma’s first appearance in 3 months
Alibaba’s billionaire founder resurfaced as he spoke to 100 rural teachers through a video call, three months after his last public appearance in October, sending the e-commerce firm’s shares up more than 8% in Hong Kong. A recording of the call was first posted on a news portal backed by…
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From the U.S. to China, Korea, India and Europe, antitrust action against tech is gaining serious momentum
After decades of global expansion and consolidation in the tech sector, antitrust is now a headline issue for the industry across the world. What has been a slow and sputtering series of disparate actions over the past decade has coalesced in just the past few weeks into a rapid and…
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