Alibaba Archives - The Online Citizen

Jack Ma living in Japan after China tech crackdown: FT

30 November 2022 by The Online Citizen

TOKYO, JAPAN — Alibaba founder Jack Ma has been living in Tokyo for almost six months after disappearing from public view following China’s crackdown on the tech sector, the Financial Times reported Wednesday, citing multiple unnamed sources. The billionaire has kept a low profile since the crackdown, which has included Chinese regulators scrapping the IPO … Read more

China denies mulling near-$1 bn fine for Alibaba in monopoly case

12 March 2021 by The Online Citizen

China denied on Friday it was planning to hit e-commerce giant Alibaba with a fine of almost $1 billion for allegedly flouting monopoly rules, as authorities put the screws on the firm as part of a crackdown on the technology sector. Officials are considering a hefty penalty that could top the $975 million paid by … Read more