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China proposes antitrust law ahead of Singles’ Day shopping spree

China proposes antitrust law ahead of Singles’ Day shopping spree Debates over anti-competitive practices amongst China’s internet firms resurface every year in the lead up to Singles’ Day, a time when online retailers exhaust their resources and deploy sometimes sneaky tactics to attract vendors and shoppers. This year, just a day before the world’s largest […]

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The race to be China’s top fintech platform: Ant vs Tencent

The race to be China’s top fintech platform: Ant vs Tencent As Ant Group seizes the world’s attention with its record initial public offering, which was abruptly called off by Beijing, investors and analysts are revisiting Tencent’s fintech interests, recognized as Ant’s archrival in China. It’s somewhat complicated to do this, not least because they […]

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Europe urges e-commerce platforms to share data in fight against coronavirus scams

Europe urges e-commerce platforms to share data in fight against coronavirus scams European lawmakers are pressing major e-commerce and media platforms to share more data with each other as a tool to fight rogue traders who are targeting consumers with coronavirus scams. After the pandemic spread to the West, internet platforms were flooded with local […]

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Pulled Ant Group IPO costs Alibaba nearly $60B in market cap

Pulled Ant Group IPO costs Alibaba nearly B in market cap News today that Ant Group’s IPO is suddenly on hold in both Shanghai and Hong Kong caused a sell-off of Alibaba shares. This afternoon, equity in sister-company Alibaba is off around 8% in the wake of the delayed offering and news that Ant had […]

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Ant Group could raise as much as $34.5B in IPO in what would be world’s largest IPO

Ant Group could raise as much as .5B in IPO in what would be world’s largest IPO The long-anticipated IPO of Alibaba-affiliated Chinese fintech giant Ant Group could raise tens of billions of dollars in a dual-listing on both the Shanghai and Hong Kong exchanges. Shares for the company formerly known as Ant Financial are […]

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The OpenStack Foundation becomes the Open Infrastructure Foundation

The OpenStack Foundation becomes the Open Infrastructure Foundation This has been a long time coming, but the OpenStack foundation today announced that it is changing its name to ‘Open Infrastructure Foundation,” starting in 2021. The announcement, which the foundation made at its virtual developer conference, doesn’t exactly come as a surprise. Over the course of […]

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Alibaba Group will spend $3.6 billion to take control of Chinese supermarket giant Sun Art

Alibaba Group will spend .6 billion to take control of Chinese supermarket giant Sun Art Alibaba Group said today it will spend about $3.6 billion to take a controlling stake in Sun Art, one of China’s largest big-box and supermarket chains. After the transaction is complete, Alibaba Group will own 72% of Sun Art. As […]

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Alibaba-affiliated marketplace to leave Taiwan, again

Alibaba-affiliated marketplace to leave Taiwan, again Separated by a strait, the internet in Taiwan and mainland China are two different worlds. Even mainland tech giants Alibaba and Tencent have had little success entering the island, often running into regulatory hurdles. Less than a year after Taobao launched on the island through an Alibaba-backed joint venture, […]

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Thailand’s logistics startup Flash Express raises $200 million

Thailand’s logistics startup Flash Express raises 0 million Flash Express, a two-year-old logistics startup that works with e-commerce firms in Thailand, said on Monday it has raised $200 million in a new financing round as it looks to double down on a rapidly growing market spurred by demand due to the coronavirus pandemic. The funding, […]

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China’s logistics titan YTO nets close to $1B from Alibaba in overseas push

China’s logistics titan YTO nets close to B from Alibaba in overseas push E-commerce has brought in a logistics boom in China over the last decade, transforming small-town delivery businesses into multinational corporations. One leading player, YTO, is gearing up for international expansion after it secured 6.6 billion yuan or $970 million from its long-time […]

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