Antitrust Investigation Against Alibaba – Bluff or Just a Start?

In late December 2020, China’s State Administration for Market Regulation announced that they have launched an antitrust investigation against Chinese tech giant Alibaba, whose “pick one” policy has received multiple complaints from its competitors over the years.

The “Pick one” policy dates back to 2013 when Alibaba forced online-shop owners to choose only one place to run their business: either they close their shops on Tmall and Taobao, Alibaba’s own platforms, or they exit all other platforms, especially JD, the second biggest platform at that time. Since 2017, JD has been suing Alibaba for its unreasonable policy.

Chinese Celebrity Accused of Abandoning Her 2 Surrogate Kids

Zheng Shuang got famous in China thanks to her leading role in the phenomenal TV series Let’s Watch the Meteor Shower in 2009. She has remained one of the top female celebrities for over a decade without other noticeable works. Her pretty face and bold personality have gained her a rather radical fan base, who always defend her all over the internet whenever there is any negative news about Zheng. But things are different this time.

Founder of Alibaba Becomes the Symbol of Capitalism in China

Where is Jack Ma? The whole world is wondering what has happened to one of the richest men in China, who used to have a very high profile and now has disappeared for over two months. The founder of Alibaba didn’t even show up in Africa’s Business Heroes as scheduled, a TV show funded by Jack Ma Foundation. Concerns and speculations over his current situation have been circulating in China.

Chinese Internet Users Indignant at Another Young Karoshi

Right before the new year, on December 29, Zhang didn’t leave work until 01:30 a.m. While walking home with her colleagues, she suddenly fainted. Even though she was immediately sent to a local hospital in Urumchi, she still passed away six hours later.

The tragedy had been circulating unperceivably on the internet, until it trended on January 3. One day later, on Zhihu, people started to spread a screenshot of a post by the official account of tech giant Pinduoduo:

Rich Chinese Couples Explore New Form of Marriage

Will China get old before it gets rich? This is an important question frequently discussed in China and by its rivals. It’s a matter of national power. The answer, according to most, is Yes. And it is already happening. Statistics from the CIA show that China has the same median age as the US, which is not a good sign for a developing country where the income per capita is not even half the level of a common developed-country.

Parents’ Anxiety Creates a New Multi-Billion Market in China

“The next Bill Gates will be someone who starts programming as a toddler.”

“In the future, illiteracy means not knowing how to code.”

Recently, many education companies in China offer programming lessons for kids from 4 years old. Such lessons consist in using toy blocks to construct required shapes and interacting with robots. A 40-minute lesson costs about $15, while a full training course usually contains more than 40 lessons.

The Marriage Between the Deceased in China

In 2008, Li Zhong suspected that his wife, Kang Cuicui, was cheating on him. They had a fight and Kang ran away. She went to a hotel and drank paraquat, an acute toxic herbicide without antidote. Her family was outraged, and Li’s parents had to spend over $15,000 to bury her properly in the family tombs. On November 14, 2020, when they went to clean the tombs, Li found out that Kang’s tomb had recently been dug up and buried again. They called the police and opened the coffin, only to find nothing inside but a big red carrot.

The Possible SWIFT Disconnection and the Russian Economic Impact

The experts predict new sanctions will be laid against Russia within a year. The predictions are based on Joe Biden favoritism to the Ukraine.  Ukraine has been vocal to remove Russia from the Swift payment system. SWIFT is a vast messaging network used by banks and other financial institutions to quickly, accurately, and securely send and receive information, such as money transfer instructions.

Long Commute is “Killing” Workers in China

“Every morning when I get on the subway, I feel like a pig on a slaughterhouse truck, waiting to be sacrificed.” Hu Yun spends over three hours each day on commute. In Beijing, she’s far from alone.

According to a report by Alipay, Beijing is the earliest city in China to wake up. Millions of people have to get up at 5 am when it’s still dark outside, rushing into the center of Beijing and then coming back at night. It’s Beijing’s tide. The average commute there surpasses half a marathon. “Just getting to the company already takes away all my energy. What is spare time?  When I get home I only want to lie down because it’s almost midnight.”

Chinese Government Targets Private Credit Products

On December 4, Beijing Daily, the official newspaper of the Chinese Communist Party Beijing Municipal Committee, posted on Weibo an article titled “The Young Generation that Got Stuck in Huabei.” According to a study, there are 175 million people born between 1990 and 1999 in China, the so-called “post-90s.” Only 13.4% of them claim that they avoid any debt, while 86.6% have tried credit products, the most popular ones being Huabei and Jiebei, two credit services offered by Ant Group.