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Alibaba’s shares have dropped on both the New York and Hong Kong stock exchanges following a report that the company could be blacklisted by the Trump administration.
The Chinese retail…
Read MoreAlibaba fined £57,000 for failing to provide paperwork in latest government crackdown
Alibaba has once again fallen foul of the Chinese government and has been fined 500,000 yuan (£57,000) for failing to submit relevant paperwork during an acquisition deal.
In the government’s…
Read MoreTikTok ban wipes $75bn of Chinese tech giants including Alibaba and JD.com
TikTok and WeChat’s US ban has wiped $75 billion off the value of Chinese tech giants including Alibaba and JD.com.
Last week Donald Trump announced plans to ban Chinese social…
Read MoreBurberry launches first “social media store” in China
Burberry has launched its first ‘social media store’ in China aiming to connect shoppers’ “online life with your in-store life”.
Burberry has partnered with Chinese tech behemoth Tencent to develop…
Read MoreTencent to launch MiniShop function in major challenge to Alibaba and JD.com
Tencent is letting retailers build virtual stores on its wildly popular WeChat platform by themselves for the first time, presenting a major challenge to Chinese ecommerce giants.
The Chinese social…
Read MoreHonda is developing world’s first in-car voice activated shopping system
Honda has partnered with Chinese tech giant Tencent to develop the world’s first in-car voice activated shopping system.
The two companies are working together on a new infotainment system that…
Read MoreAlipay rolled out to Chinese visitors for the first time
Alibaba’s popular payments platform Alipay has now been made available for visitors to China for the first time, removing a major barrier for tourists.
Alipay will now allow tourists to…
Read MoreAlibaba and JD.com ban sales of US NBA teams Houston Rockets items after pro-Hong Kong tweet
Alibaba and JD.com have banned products relating to the NBA’s Houston Rockets after its general manager appeared to support the Hong Kong anti-government protests on Twitter.
The Houston Rockets could…
Read More€100 billion “European Future Fund” could be launched to take on Amazon, Alibaba and Apple
A €100 billion “European Future Fund” could soon be launched with the express purpose of taking on tech giants like Amazon, Apple and Alibaba. The EU is planning to build…
Read MoreAlibaba crowned China’s most valuable brand after growing 59%
Alibaba has been crowned China’s most valuable company for the first time after increasing its brand value by 59 per cent to $141 billion last year. According to the latest…
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