Alibaba founder Jack Ma made a rare public appearance on Monday, participating in a ceremony at a primary school in Hainan, his first public showing since a study trip to Europe late last year.
JD.com has remained largely unscathed by government’s tech crackdown but new markets are key to offset slower consumer spending in China.
Wang is just the latest scientist to leave a Chinese Big Tech firm, with many choosing to return to academia.
The move is expected to sharpen the focus of Alibaba’s two core online retail platforms on user expansion and merchant development amid increased competition in China.
JD.com is CCTV’s latest partner for giving away virtual red packets during the most-watched television broadcast in China, which has become a sign of political approval.
Tencent’s sale of Sea and JD.com stakes has raised questions about its interest in other Big Tech firms like Pinduoduo and Meituan, but analysts say such divestment could help the internet giant boost investment in new technologies.
A new regulation, which takes effect on March 1, seeks to rein in algorithms used on apps to recommend what consumers would like to read, watch, play and buy online.
Jay Chou’s NFT collection of virtual ‘Phanta Bears’ were algorithmically-generated and sold out in less than 40 minutes when put up for sale on New Year’s Day.
The State Administration for Market Regulation will strengthen supervision of the platform economy and information security, said agency head Zhang Gong.
Alibaba affiliate Ant Group will close its mutual aid platform on January 28 in response to regulatory scrutiny from Chinese authorities, who are trying to ring-fence tech-enabled services from the banking system.
Food delivery platform Meituan, hit with a US$533 million antitrust fine in October, will open a mini app on Kuaishou’s short video platform, in the latest sign of China Big Tech trying to keep Beijing happy.
In a surprise move, Tencent plans to significantly reduce its stake in e-commerce platform JD.com by transferring most of its stake to shareholders in the form of dividends.
China’s tech giants fell in line with new national priorities that emphasised hard technologies and common prosperity, making it harder for companies to profit from the free-wheeling business practices that they once thrived on.
Online influencer Viya currently finds herself out of the live-streaming e-commerce market after being slapped with a record fine for tax evasion.
The number of apps in Chinese app stores fell 40 per cent to 2.78 million apps over the past three years, with the biggest declines coming this year amid Beijing’s crackdown on Big Tech.
Netizens are defending the accuser on social media after she said Alibaba fired her last month over ‘false information’ that damaged the company’s reputation.
CEO says Alibaba will continue to focus on China consumption, globalisation and technology to drive future growth.
Alibaba employees are given additional time-off to visit families and care for newborns, as Big Tech firms in China face pressure to address the industry’s brutal work culture.
Analysts say Alibaba wants to leverage its edge and cloud computing technology to establish the essential infrastructure for the metaverse.
Apple has added more suppliers from mainland China than anywhere else to its list of vendors over the past three years.
Alibaba will double its stake in Shenzhen-listed UTour Group as the pace of external investments by the e-commerce giant slows amid a year of regulatory challenges.
Jiang Fan, formerly president at Taobao and Tmall, will now lead Alibaba’s overseas e-commerce operations as part of a broad restructuring at the company.
Toby Xu succeeds long-time Alibaba veteran Maggie Wu as chief financial officer in April as part of management reshuffle creating two new divisions for China and overseas businesses.
Chinese ride hailing giant Didi Chuxing has faced a tumultuous time since listing in New York five months ago, brought about by a Beijing-imposed cybersecurity review on national security grounds.
Realme founder Sky Li said the brand is ready to compete in the high-end market, but it faces stiff competition at home from rivals like Xiaomi that followed a similar path.
The world’s top PC maker beat HP, Dell and Apple in global shipments of desktops, notebooks and workstations in the third quarter.
The latest fine on Tencent unit represents at least the third reprimand since mid-2018 for breaking the nation’s foreign-exchange regulations.
China’s biggest on demand food delivery provider Meituan reported a 10 billion yuan loss in the third quarter after getting hit with an antitrust fine.
Tech companies are still figuring out ways they can comply with the government’s push for interoperability while at the same time protecting their turf.