Etiqueta: Alibaba

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Alibaba shares plunge as Beijing ‘seeks to break up Ant’s Alipay’

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Shares in the Chinese technology company Alibaba have fallen sharply after reports said regulators wanted to break up Alipay, the payments app with more than 1 billion users owned by Jack Ma’s Ant Group. Beijing is se...

Alibaba sexual assault case dropped as China police say ‘forcible indecency’ not a crime

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Prosecutors in China have dropped a case against an Alibaba manager accused of sexually assaulting an employee, saying he committed “forcible indecency” but that it did not constitute a crime. In August a female emplo...

Alibaba chief attacks ‘drinking culture’ after manager is accused of rape

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The Chinese e-commerce company Alibaba has fired a manager accused of rape, as its chief executive condemned the “ugly forced drinking culture” affecting the company. An unidentified employee had accused her manager a...

Alibaba shares jump after record $2.8bn anti-monopoly fine

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Shares in Alibaba surged on Monday after the e-commerce company said that a record $2.8bn fine handed down by Chinese regulators marked the end of an investigation into anti-competitive practices at the company. Top e...

China fines Alibaba billions for alleged market abuses

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Chinese regulators have hit e-commerce company Alibaba with a fine of 18.2bn yuan (US$2.78bn) over practices deemed to be an abuse of its dominant market position, according to state-run media. The Xinhua news agency ...