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Browsing Tag

China

China tech battle sees sanctions stay, alliances made

United States President Joe Biden will hold a joint press conference with Japan's Prime Minister Yoshihide Suga in the Rose Garden of the White House in Washington on April 16, 2021.Tom Brenner | ReutersGUANGZHOU, China - In his first 100…

Ant Group Publicizes Overhaul as China Tightens Its Grip

China's swift campaign to curb the power of internet giants has hit its newest brand: Ant Group, the fintech sister company of e-commerce giant Alibaba.Ant announced Monday that the company would undertake a major, government-mandated…

China fines Alibaba $2.eight billion in anti-monopoly probe

The front of Alibaba's Wangjing office in Beijing on December 24, 2020.Costfoto | Barcroft Media | Getty ImagesChinese regulators fined Alibaba 18.23 billion yuan ($ 2.8 billion) in the tech giant's antimonopoly investigation, claiming it…