Chinese online retailer JD.com 9618.HK said on Friday that it won a lawsuit against rival Alibaba 9988.HK, which was fined 1 billion yuan ($140.68 million) for monopolistic practices. The High People’s Court of Beijing ruled that Alibaba Group Holding Limited …
A U.S. judge on Wednesday rejected Alibaba’s bid to dismiss a lawsuit over the alleged sale by various merchants of counterfeit versions of the popular children’s toy Squishmallows on its online platforms. U.S. District Judge Jesse Furman in Manhattan said …
Questions surrounding Alibaba Group Holding Ltd.’s role in China’s largest known cybersecurity breach may fuel Beijing’s resolve to clamp down on domestic tech giants and accelerate a move away from their private cloud services. Researchers studying the leaked data of …
Chinese authorities told the nation’s biggest state-owned firms and banks to start a fresh round of checks on their financial exposure and other links to Ant Group Co., renewing scrutiny of billionaire Jack Ma’s financial empire, according to people familiar …
Alibaba Group Holding Ltd. has fired a woman who accused a manager of sexual assault, a surprise move that came just months after China’s e-commerce leader admitted bungling its initial response to the allegation. The employee surnamed Zhou told the …
HONG KONG – Warburg Pincus, a major global investor in Ant Group, has cut its valuation of the Chinese fintech company by 15% to below $200 billion due to risks from a restructuring at the Hangzhou-based firm, a source with …
Ant Group Co.’s profit rose an estimated 39% in the June quarter, attributed to a gain in investments as billionaire Jack Ma’s fintech giant grapples with the impact of China’s rapidly shifting rules for private enterprise. The company contributed 6.5 …
Few paid much attention when she first turned up at the center of Alibaba Group Holding Ltd.’s packed cafeteria on Friday, a stack of leaflets in one hand and a megaphone in the other. It had been more than a …
SHANGHAI – China’s biggest online commerce firm, Alibaba Group Holding Ltd, on Monday said it had fired a manager accused of sexual assault, and promised policies to prevent sexual harassment, but was blasted by state media for not acting until …
Central banks and financial regulators urgently need to get to grips with the growing influence of “Big Tech,” according to top officials from central bank umbrella group the Bank for International Settlements (BIS). Global watchdogs are increasingly wary that the …
