Tag: 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...

China’s Alibaba accused of firing female employee who alleged colleague sexually assaulted her

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Chinese e-commerce giant Alibaba Group Holding has dismissed a female employee who accused a former co-worker of sexual assault earlier this year, the government-backed newspaper Dahe Daily has reported. Dahe Daily in...

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 ...

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...

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 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...