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JD.com Wins Antitrust Suit in China; Alibaba Fined $140 Million

JD.com has won a lawsuit against rival Alibaba Group in the High People’s Court of Beijing, which fined…

News January 2
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Ant Group has been fined $982 million by Chinese regulators.

Alibaba Shares Soar on Expectation that New $982M Fine Signals End of China’s Tech Crackdown

Fintech firm Ant Group, an affiliate of Chinese ecommerce behemoth Alibaba, has been fined 7.1 billion yuan (approximately…

News July 10
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Jack Ma has relinquished control of Ant Group, the fintech company he founded.

Alibaba Founder Jack Ma Cedes Control of Sister Fintech Firm Ant Group

Chinese billionaire Jack Ma will no longer control Ant Group, the fintech firm he founded, after the company…

News January 9
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Buoyed by 11.11 Festival, Alibaba Posts Strong Q3 with Revenue Up 37%

Alibaba Group recorded revenue of RMB 221 billion ($33.9 billion USD) in Q3 2020, a period that included…

News February 2
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