WebAug 23, 2024 · Alibaba and Tencent have been among the hardest hit by the crackdown, which was launched in November 2024 when Xi ordered the 11th-hour cancellation of a $38 billion IPO for Alibaba’s digital... WebMar 16, 2024 · Stocks across Hong Kong and China staged a stunning rebound after China’s state council vowed to keep its stock market stable amid a historic rout that erased $1.5 trillion in value over the ...
Alibaba, Tencent shares plummet as Xi Jinping tightens …
WebJul 11, 2024 · China's antitrust watchdog on Sunday announced it had punished Tencent Holdings, Alibaba Group Holding and Didi Global, among others, for failing to report past … WebAug 8, 2024 · TOKYO -- Chinese authorities are cracking down harder on the country's tech titans of late, putting internet services company Tencent Holdings in their sights, after doing the same to e-commerce... how did the water clock work
Alibaba And Tencent Fined In China Tech Crackdown - Forbes
WebJun 18, 2024 · Alibaba, China’s biggest cloud provider globally, had a 6% share of the market at the end of last year, while Tencent took 2% – ahead of both Oracle and SAP. Nick McQuire, head of enterprise research at CCS Insights, says Chinese cloud providers face a tough task to break the stranglehold of AWS, Azure and GCP. WebApr 13, 2024 · April 13, 2024 18:37 pm +08. - A + A. (April 13): Didi Global Inc rolled out an autonomous car concept and self-driving taxi services on Thursday, outlining its first big business foray since becoming a central target of Beijing’s sweeping campaign to rein in powerful tech players. The company showcased a futuristic-looking vehicle prototype ... WebDec 23, 2024 · The likes of Tencent, Alibaba, Baidu and NetEase have all rushed to apply for dozens of trademarks related to the metaverse, according to the South China Morning Post citing data from the... how many subprime mortgages defaulted in 2008