A businessman from China lost the most money among the rich. He lost $ 27 billion

Colin Chuang, the founder of the Chinese Internet company Pinduoduo (PDD), lost the most money among the rich this year. The volume of its assets fell by $ 27 billion (CZK 579.5 billion) this year due to Beijing’s regulatory intervention against technology companies, Bloomberg reported on Friday. It is the deepest drop in the agency’s […]

Jack Ma appears with the Russian president after Alibaba is fined

KOMPAS.com – After last appearing in public in January 2021, the founder Alibaba Group, Jack Ma reappeared. This time, the 56-year-old man was seen attending an online video conference that was also attended by President of Russia, Vladimir Putin. After tracing it, the meeting was organized by the Russian Geographical Society. Jack Ma looks neat […]

The Chinese regulator knelt on another giant. Tencent shares are falling

Chinese technology giant Tencent Holdings is experiencing a slump in the stock market. For the second day in a row, its shares are declining and in terms of market capitalization, the company has already lost almost $ 60 billion, ie 1.3 trillion crowns. The reason is the fear of regulating the Chinese administration, which is […]

Alibaba, Chinese authorities launch antitrust investigation – Ultima Ora

(ANSA) – BEIJING, DECEMBER 24 – The Chinese antitrust authorities have launched an investigation into Alibaba Group for “suspected monopolistic practices”. This was reported by the State Administration for Market Regulation, officially targeting the e-commerce giant co-founded by Jack Ma. Financial regulators will also hold “supervision and guidance” talks with Ant Group, Alibaba’s fintech company, […]