China gets tougher on Alibaba

There was no surprise when India impose ban on more than 150 Chinese apps because of its enmity with China. There is no surprise when Untied States ban much popular Chinese app Tiktok unless an American company buys it.

United States had blamed China right from the beginning because of spreading of pandemic virus and causes highest number of casualties in the country.

Now, China has announced an anti-monopoly investigation of e-commerce giant Alibaba group. China has officially commenced anti-trust probes into Alibaba. The e-commerce giant is being investigated for allegations on monopolistic conduct such as forced exclusivity. Alibaba’s fintech affiliate Ant Group will be summoned for a meeting conducted by China’s Central Bank. The central bank is imposing various controls of the fintech industry.

Chinese authorities halted Ant’s US$37 billion IPO in Hong Kong and Shangai markets. If everything goes as planned, this IPO will be the highest ever over-subscribed in the world. Alibaba’s scrip plunged as much as 8.9% in Hong Kong stock market on December 24^th. President Xi Jinping worries about the dominance of e-commerce giant Alibaba in corporate world. Regulators appear to be especially concerned about controlling private sector companies that are expanding into online banking at a time when Beijing is trying to reduce financial risks.

Comments

Photo : Savitri during her last days

Even after 4 decades of her death, people are very much interested to watched her (Savitri) biopic. Mahanati turned to be stupendous success. On eve of remembering Savitri, here we posted Savitri photo. The photo seems her last days. The man stand behind Savitri is Gemini Ganeshan who married Savitri. It seems that she suffered bad days during her last days.

PK Fans - Political and Private life

Pawan Kalyan fans attack Director Ram Gopal Varma's office for making parody film "Power Star" on their hero. RGV made a complaint and withdraw later for unknown reasons.

Who killed cricket in Pakistan?

Pakistan won the 1992 WC under the leadership of one of the greatest all-rounders in the world Imran Khan. Now, he is leading the country as Prime Minister of Pakistan. Every cricket lover in the country wants to see the glory in the gentleman game after Imran became PM for Pakistan. But his leadership can’t give any assurance to other nations to play the game in Pakistan. New Zealand abandoned the historic Pakistan tour just a few minutes after the first ball was to be bowled in the first ODI in Rawalpindi. Both teams have considered this series as preparation for the ICC T20 World Cup. Kiwis cites ‘Security threat’ to its players in Pakistan. There is a question that arises why NZ came and cancelled the visit. This is a massive blow to Pakistan cricket who wants to revive the game in the country. Prime Minister Imran Khan had spoken to New Zealand Prime Minister Jacinda Ardern and informed her about the security arrangements. Pakistan Cricket Board (PCB) fumes over Black Caps decisio...

A2Z

Search This Blog