China Newsbase
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The China News Database was last updated at 01:50PM on November 9, 2023.
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1,796 articles matching the search query.
Alibaba CEO strikes conciliatory tone on China's plans for tougher tech regulation
Alibaba CEO Daniel Zhang has described plans by Chinese regulators to tighten restrictions on internet companies as "timely and necessary."
China’s African Traders Confront a Formidable New Foe: Alibaba
As the Chinese tech giant tightens its grip on Africa’s e-commerce market, Africans in China suddenly find their businesses at risk.
Mountain of packaging waste from Singles’ Day spurs new recycling concerns
Environmentalists are questioning if recycling efforts are enough to offset the surge in online shopping and packages.
China Urges New Era of Mass Migration—Back to the Countryside
In an antipoverty push, President Xi wants to repopulate rural towns with entrepreneurs and consumers. China’s rural poor have been a tool of Communist Party strategy since Mao Zedong rallied them in his revolution.
SEC Pushes Urgent Plan That Could Delist Chinese Companies
The U.S. Securities and Exchange Commission is pushing ahead with a plan that threatens to kick Chinese companies off U.S. stock exchanges, setting up a late clash between Washington and Beijing as the Trump administration winds down.
What We Know About China's Big Tech Crackdown
Hi all, it’s Zheping in Hong Kong. Last week, China’s biggest tech companies shed almost $290 billion in market value in two days. For context, that’s roughly equivalent to five Snap Inc.s or the gross domestic product of Egypt.
JD Plunges After Growth, Margin Concerns Outweigh Sales Beat
JD.com Inc.’s shares dived as much as 9% after concerns about slowing e-commerce growth and pressure on margins outweighed better-than-expected post-Covid revenue growth.
Why China's Cracking Down on Tech Giants Ant, Alibaba, Tencent
China’s hands-off approach to the technology sector has minted billionaires and giant companies at a breathtaking pace. Now President Xi Jinping’s government is reining in the country’s most powerful corporations, including Alibaba Group Holding Ltd., Tencent Holdings Ltd and Didi Global Inc., along with their ultra-rich founders. The scrutiny is shaping up as one of the largest concerted actions against private enterprise in decades and raising the prospect that the leeway enjoyed by entreprene
Alibaba's Singles Day sales set record $74bn with help from livestreaming
Beijing's move to combat internet monopolies clouds tech companies' fortunes
Down $290 Billion, China Tech Investors Mull Nightmare Scenarios
With 22 pages of vaguely worded edicts, China has cast doubt on the future of its biggest internet companies and ignited a $290 billion equity selloff.
Alibaba's Singles Day sales top $74 billion, planned rules hit shares
Alibaba sales for its post-COVID-19 Singles' Day shopping extravaganza hit $74 billion, a haul that was overshadowed by a 10% drop in its shares on Wednesday after China published draft anti-trust rules aimed at internet platforms.
In Halting Ant’s I.P.O., China Sends a Warning to Business
Investors in what would have been the world’s largest share sale are getting refunds, as Beijing shows entrepreneurs the importance of listening to the Communist Party.
Richemont bets big on China, partnering Alibaba to invest in Farfetch
Richemont said a $1.1 billion partnership with Alibaba to invest in online luxury retailer Farfetch and its new Chinese marketplace would further drive sales in its biggest and fastest growing market.
Alibaba revenue up 30% as virus drives demand for e-commerce
HONG KONG (AP) — China’s biggest e-commerce firm Alibaba Group Holding on Thursday reported a 30% jump in quarterly revenue, as China recovers from the virus and online shopping demand remains...
Inside the Chaotic Unraveling of Jack Ma’s $35 Billion IPO
The mid-level bureaucrats left China’s richest man waiting as they prepared for a meeting that would send shockwaves across the financial world.
Ant Founder Jack Ma Faces Backlash From Regulators
The extraordinary move to suspend the $34 billion initial public offering of Ant Group, the online-finance operation carved out of Alibaba, caps a tug of war between billionaire Jack Ma and China’s top regulators.
$400 Hairy Crabs Selling Out in China as Consumers Splurge
Late in the afternoon on a recent weekday, workers at an aquaculture farm near Shanghai used long pincers to move 300-gram crabs from muddy ponds into small pools of freshwater. By morning, the crabs – their shells cleansed of dirt – will be packed into gift boxes and shipped to customers all over China.
Singles’ Day sales start strong as China’s domestic consumption recovers
E-commerce giants Alibaba Group Holding and JD.com both post strong first day Singles’ Day sales numbers, signalling a recovery in consumer spending after the coronavirus pandemic hit retail sales hard earlier in the year.
Alibaba to kick off China's first post-pandemic 'Singles Day' early
China's Alibaba Group Holding Ltd will kick off its mega-shopping extravaganza "Singles Day" early this year, a move that will likely see a big jump in its sales as the easing of the country's COVID-19 pandemic drives an economic rebound.
As China's economy picks up, new university grads are still looking for jobs
In the wake of the coronavirus pandemic, China's latest graduating class of 2020 is having a harder time finding jobs than those before them.
