Tag: crackdown

Retail Asia27/05/2022
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3min0
China’s economy has been battered by the fallout from strict COVID-19 curbs including lockdowns and transport restrictions that have kept consumers home, pushed up unemployment, and tangled supply chains. Alibaba has also had to contend with a wide-ranging regulatory crackdown on alleged anti-competitive practices by China’s tech giants. The Hangzhou-based group cited “macro challenges that […]

Retail Asia24/05/2021
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2min0
Cryptocurrency miners in China are shifting their operations to other markets abroad following Beijing’s latest crackdown. A committee from China’s State Council announced on Friday that it would crack down on crypto, specifically naming Bitcoin as a major concern. The government will crackdown on bitcoin mining and trading behavior, and resolutely prevent the transfer of […]

Retail Asia30/04/2021
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2min0
More than a dozen major technology firms in China are set to face similar restrictions imposed on Jack Ma’s Ant Group as Beijing widens its fintech crackdown. 13 tech titans – including Tencent, ByteDance, JD.com, Meituan and Didi Chuxing – were summoned to a meeting over a series of new requirements for their financial units, […]


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