January 14, 2022
Alibaba Weighs Fundraise for Its Freshippo Supermarkets at $10B Valuation
Alibaba is weighing a fundraise for its Freshippo grocery chain in China that has an estimated valuation of $10 billion, Bloomberg reported on Friday (Jan. 14), citing unnamed sources familiar...
January 13, 2022
Salesforce Announces Tools for Social Commerce, More
Salesforce on Thursday (Jan. 13) debuted several new innovations and partnerships it will use to help companies support social commerce capabilities and connect data across platforms. Salesforce will also import...
January 12, 2022
China’s Rules on Algorithms are Promising; the Devil is in...
China just completed its draft of new rules to regulate how companies use algorithms, which will take effect on March 1. This new law makes it possible for the Chinese...
January 10, 2022
PBOC Has Open Banking, Supervision, Regulation on 2022-2025 FinTech Agenda
On Friday (Jan. 7), the People’s Bank of China released its Financial Science and Technology Plan for 2022-2025, which aims to support the growth of the FinTech industry. In it,...
January 06, 2022
China Fines Alibaba, Tencent & Others Over M&A Disclosures
China’s top market regulator said on Wednesday it has fined units of Alibaba, Tencent, and Bilibili for failing to properly report about a dozen deals. According to public filings, China’s...
January 06, 2022
What Was China’s National Anti-Monopoly Administration Created For?
By Annie Xue & He Jing1 Background The year 2021 marks several milestones for China’s antitrust regime on nearly all major fronts. Platform giants such as Alibaba and Meituan...
January 05, 2022
China’s Antitrust Watchdog Issues First Fines Of 2022
The State Administration for Market Regulation (SAMR), China’s top market regulator, imposed fines on several domestic online giants, including Tencent, units of Alibaba and Bilibili, on the first working day...
January 05, 2022
China Fines Tencent, Alibaba For Failing to Report Deals
China’s market regulator has fined Alibaba, Tencent Holdings and Bilibili Inc. for failing to properly report several deals. As Reuters reported Tuesday (Jan. 4), the State Administration for Market Regulation...
December 28, 2021
Ant Group to Shutter Xiang Hu Bao Mutual Aid Platform
China’s Ant Group plans to close its Xiang Hu Bao mutual aid platform next month, a move that comes as the country’s government continues its crackdown on FinTech companies. As...
