Forwarded from 📡Guardians of Hong Kong
Trump hints at banning more Chinese firms, Alibaba included
US President Donald Trump considers more Chinese companies sanctions and Alibaba could be the next target.
Asked at a press conference whether other Chinese companies such as Alibaba would be banned after targeting TikTok, President Trump replied, “Well, we're looking at other things, yes.”
According to a recent CNN analysis, Trump called Jack Ma, the founder of Alibaba, a friend of his after Ma said he would donate supplies to the US for fighting the pandemic. Still, Alibaba might become the next target. In a statement made earlier this month, US Secretary of State Mike Pompeo announced the expansion of the Clean Network programme. He called on US allies around the world to prevent intellectual property, including COVID-19 vaccine research, from being stored and accessed on Chinese cloud-based service providers as such as Alibaba, Baidu, China Mobile, China Telecom and Tencent.
Source: Stand News #Aug16
#Alibaba #JackMa #CleanNetwork #Pompeo #US #Trump #Sanctions
US President Donald Trump considers more Chinese companies sanctions and Alibaba could be the next target.
Asked at a press conference whether other Chinese companies such as Alibaba would be banned after targeting TikTok, President Trump replied, “Well, we're looking at other things, yes.”
According to a recent CNN analysis, Trump called Jack Ma, the founder of Alibaba, a friend of his after Ma said he would donate supplies to the US for fighting the pandemic. Still, Alibaba might become the next target. In a statement made earlier this month, US Secretary of State Mike Pompeo announced the expansion of the Clean Network programme. He called on US allies around the world to prevent intellectual property, including COVID-19 vaccine research, from being stored and accessed on Chinese cloud-based service providers as such as Alibaba, Baidu, China Mobile, China Telecom and Tencent.
Source: Stand News #Aug16
#Alibaba #JackMa #CleanNetwork #Pompeo #US #Trump #Sanctions
Forwarded from 📡Guardians of Hong Kong
Chinese Authorities Target Jack Ma's #Alibaba and #AntGroup in Anti-monopoly Probe
The Chinese authorities is currently placing Alibaba, a conglomerate owned by Chinese entrepreneur Jack Ma, under "anti-monopoly investigation". It was reported that Ma would also be summoned.
Just right before Christmas, China's state-owned media including Xinhua Agency and Economic Daily published articles and commentaries, demanding Ant Group to "serve the people's needs and economic development".
Ant Group then released a statement earlier, claiming that it would "diligently study and strictly comply with regulatory departments' requests". Alibaba shares dropped by 7 percent when the news was heard by thr market.
On Dec 26, 2020, four state regulators in China, namely People's Bank of China (#PBOC), China Banking and Insurance Regulatory Commission, China Securities Regulatory Commission and State Administration of Foreign Exchange, has conducted "supervisory and guidance" talks with Ant Group, a subsidiary of Alibaba offering financial services, with one of the goals to "realize the spirit of the Party leadership and the State Council".
According to People's Bank of China vice chairman Pan Gongsheng after the "talks" on Dec 26, Ant Group issues included "poor corporate governance, ignorance of regulatory demands, illegal regulatory arbitrary, the use of its market advantage to take oit competitors", and so on.
Source: Stand News; RTHK #Dec27
#CCPControl #JackMa #Economy
The Chinese authorities is currently placing Alibaba, a conglomerate owned by Chinese entrepreneur Jack Ma, under "anti-monopoly investigation". It was reported that Ma would also be summoned.
Just right before Christmas, China's state-owned media including Xinhua Agency and Economic Daily published articles and commentaries, demanding Ant Group to "serve the people's needs and economic development".
Ant Group then released a statement earlier, claiming that it would "diligently study and strictly comply with regulatory departments' requests". Alibaba shares dropped by 7 percent when the news was heard by thr market.
On Dec 26, 2020, four state regulators in China, namely People's Bank of China (#PBOC), China Banking and Insurance Regulatory Commission, China Securities Regulatory Commission and State Administration of Foreign Exchange, has conducted "supervisory and guidance" talks with Ant Group, a subsidiary of Alibaba offering financial services, with one of the goals to "realize the spirit of the Party leadership and the State Council".
According to People's Bank of China vice chairman Pan Gongsheng after the "talks" on Dec 26, Ant Group issues included "poor corporate governance, ignorance of regulatory demands, illegal regulatory arbitrary, the use of its market advantage to take oit competitors", and so on.
Source: Stand News; RTHK #Dec27
#CCPControl #JackMa #Economy
Forwarded from Hong Kong Democracy Movement
#JackMa has made his wealth in corrupted market of #CCPChina. When someone like him becomes rich under #CCP, CCP either finds him as a threat to its regime, or wants to take all his money. Perhaps both of them applied.
#ccpliedpeopledied
#ccpliedpeopledied
Forwarded from 國際文宣組 IFC
Forwarded from 國際文宣組 IFC
Forwarded from 📡Guardians of Hong Kong
Beijing orders Chinese media to censor coverage of Alibaba probe
The Chinese government’s propaganda arm directed media outlets to” strictly involve” the official line on the antitrust investigation into Alibaba and to “not make changes or engage in extended analysis without permission”.
“If any company announcements oppose official stance, do not publish, do not re-post, do not quote foreign media,” the directive said.
“The Investment of Ma’s companies are directly associated with some of China’s most powerful political families. The fact that this time he is getting trouble with the Chinese state likely has high politics in the background, not just because he made one speech which my have hit Xi or some other party official’s nerve,” said Xiao Quant, University of California at Berkeley.
Source: FT #Jan08
https://www.ft.com/content/62fe82c5-b058-4dd0-bb15-e9428593f078
#JackMa #CCP #Censorship
The Chinese government’s propaganda arm directed media outlets to” strictly involve” the official line on the antitrust investigation into Alibaba and to “not make changes or engage in extended analysis without permission”.
“If any company announcements oppose official stance, do not publish, do not re-post, do not quote foreign media,” the directive said.
“The Investment of Ma’s companies are directly associated with some of China’s most powerful political families. The fact that this time he is getting trouble with the Chinese state likely has high politics in the background, not just because he made one speech which my have hit Xi or some other party official’s nerve,” said Xiao Quant, University of California at Berkeley.
Source: FT #Jan08
https://www.ft.com/content/62fe82c5-b058-4dd0-bb15-e9428593f078
#JackMa #CCP #Censorship
Forwarded from 📡Guardians of Hong Kong
Beijing orders Chinese media to censor coverage of Alibaba probe
The Chinese government’s propaganda arm directed media outlets to” strictly involve” the official line on the antitrust investigation into Alibaba and to “not make changes or engage in extended analysis without permission”.
“If any company announcements oppose official stance, do not publish, do not re-post, do not quote foreign media,” the directive said.
“The Investment of Ma’s companies are directly associated with some of China’s most powerful political families. The fact that this time he is getting trouble with the Chinese state likely has high politics in the background, not just because he made one speech which my have hit Xi or some other party official’s nerve,” said Xiao Quant, University of California at Berkeley.
Source: FT #Jan08
https://www.ft.com/content/62fe82c5-b058-4dd0-bb15-e9428593f078
#JackMa #CCP #Censorship
The Chinese government’s propaganda arm directed media outlets to” strictly involve” the official line on the antitrust investigation into Alibaba and to “not make changes or engage in extended analysis without permission”.
“If any company announcements oppose official stance, do not publish, do not re-post, do not quote foreign media,” the directive said.
“The Investment of Ma’s companies are directly associated with some of China’s most powerful political families. The fact that this time he is getting trouble with the Chinese state likely has high politics in the background, not just because he made one speech which my have hit Xi or some other party official’s nerve,” said Xiao Quant, University of California at Berkeley.
Source: FT #Jan08
https://www.ft.com/content/62fe82c5-b058-4dd0-bb15-e9428593f078
#JackMa #CCP #Censorship
Forwarded from 國際文宣組 IFC
Of course we have #memes to go with that heavy piece of info
In short: digital yuan is just more ways for ccp to control its people.
#ccp #digitalcurrency #digitalyuan #china #jackma #tencent #alibaba #wechatpay #diyms #english
In short: digital yuan is just more ways for ccp to control its people.
#ccp #digitalcurrency #digitalyuan #china #jackma #tencent #alibaba #wechatpay #diyms #english
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