Forwarded from 📡Guardians of Hong Kong
China targets Alibaba with anti-monopoly investigation
Chinese regulators have launched an anti-monopoly investigation into Alibaba and the state market supervision administration on December 24 2020 said it had filed an investigation into Alibaba Group Holdings Ltd over “suspected monopolistic practices”.
The People’s Bank of China, China Banking Regulatory Commission, China Securities Regulatory Commission and State Administration of Foreign Exchange said they would also meet Ant Group founded by Jack Ma for “supervisory and guidance” talks.
Shares in e-commerce company plummet, with financial spinoff Ant Group also called in for ‘supervisory’ talks with authorities
Beijing curbs increasing power of tech giants, Alibaba and TenCent.
In November 2020, Ant Group’s world largest IPO was halted by Chinese authorities 48 hours before trading would have begun in Shanghai and Hong Kong.
Source: The Guardian #Dec24
https://www.theguardian.com/business/2020/dec/24/china-targets-alibaba-with-anti-monopoly-investigation
#JackMa #Alibaba #TenCent #China
Chinese regulators have launched an anti-monopoly investigation into Alibaba and the state market supervision administration on December 24 2020 said it had filed an investigation into Alibaba Group Holdings Ltd over “suspected monopolistic practices”.
The People’s Bank of China, China Banking Regulatory Commission, China Securities Regulatory Commission and State Administration of Foreign Exchange said they would also meet Ant Group founded by Jack Ma for “supervisory and guidance” talks.
Shares in e-commerce company plummet, with financial spinoff Ant Group also called in for ‘supervisory’ talks with authorities
Beijing curbs increasing power of tech giants, Alibaba and TenCent.
In November 2020, Ant Group’s world largest IPO was halted by Chinese authorities 48 hours before trading would have begun in Shanghai and Hong Kong.
Source: The Guardian #Dec24
https://www.theguardian.com/business/2020/dec/24/china-targets-alibaba-with-anti-monopoly-investigation
#JackMa #Alibaba #TenCent #China
the Guardian
China targets Alibaba with anti-monopoly investigation
Shares in e-commerce company plummet, with financial spinoff Ant Group also called in for ‘supervisory’ talks with authorities
Forwarded from 📡Guardians of Hong Kong
#Regime #CCPRules
#China Bans #Christmas as 'Forbidden Western Celebration'
A leaked document showed that Chinese authorities ordered limits on festive celebrations.
The document, dated December 20, 2021 was issued by the PRC's Department of Education of Rong'an county in Liuzhou city of Guangxi Zhuang Autonomous Region.
The directive, addressed to all elementary schools and kindergartens, is titled "Spreading the Chinese traditional culture and forbidding Western festival celebrations".
It urged people to report to the authorities immediately if anyone finds individuals and organizations arranging any Christmas event.
The directive also said a special officer has been designated at the County Public Security Bureau to handle complaints regarding the matter and urged people to contact the authorities immediately if anyone finds individuals and organizations arranging any Christmas event.
Source: Set News; #Dec24
https://www.setn.com/News.aspx?NewsID=1047163
#China Bans #Christmas as 'Forbidden Western Celebration'
A leaked document showed that Chinese authorities ordered limits on festive celebrations.
The document, dated December 20, 2021 was issued by the PRC's Department of Education of Rong'an county in Liuzhou city of Guangxi Zhuang Autonomous Region.
The directive, addressed to all elementary schools and kindergartens, is titled "Spreading the Chinese traditional culture and forbidding Western festival celebrations".
It urged people to report to the authorities immediately if anyone finds individuals and organizations arranging any Christmas event.
The directive also said a special officer has been designated at the County Public Security Bureau to handle complaints regarding the matter and urged people to contact the authorities immediately if anyone finds individuals and organizations arranging any Christmas event.
Source: Set News; #Dec24
https://www.setn.com/News.aspx?NewsID=1047163