Alibaba Archives - Communal News: Online Business, Wholesale & B2B Marketplace News

Antitrust Investigation Against Alibaba – Bluff or Just a Start?

Editor's Pick January 23, 2021January 22, 2021 GNAF Leave a comment

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.

Citigroup – Major Investors Fled Alibaba After Probe

January 22, 2021January 22, 2021 Samuel Gush Leave a comment

A report by Citigroup reveals that a significant number of ultra-rich Alibaba investors, who are also clients of its firm, rushed to sell its shares in the aftermath of the recent monopoly probe by the Chinese authorities. Shares of the e-commerce giant are weltering due to an anti-trust probe arising from some of its alleged exclusivity requirements.

Founder of Alibaba Becomes the Symbol of Capitalism in China

Editor's Pick January 8, 2021January 7, 2021 GNAF Leave a comment

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.

The Bathroom Panorama in Chinese Tech Giants

Editor's Pick November 16, 2020November 15, 2020 GNAF Leave a comment

Founded in 2015, Pinduoduo is without doubt the fastest growing tech company in the world. In merely five years, it has become the strongest rival of Alibaba Group in China. Huang Zheng, the founder, is now the 4^th richest man in China, 24^th in the world. Together with other Chinese tech giants like Alibaba, Tencent and ByteDance, they have become the dream destination for most Chinese coders. Recently, a bathroom problem might make jobseekers think twice before applying to Pinduoduo.

Future of China’s Richest Man Becomes a Timing Bomb

Editor's Pick November 8, 2020November 7, 2020 GNAF Leave a comment

The rumors started at around 8:50 pm. On November 3, first Shanghai Stock Exchange announced the halt of Ant Group’s IPO on November 5, then HK Exchanges and Clearing and Ant Group published the same announcement. In less than one hour, the originally planed world’s largest IPO died on the vine. At $34.5 billion, it could have broken the record set by Saudi Aramco’s $29.4 billion IPO last year. It’s worth noting that the current second largest IPO was set by Alibaba at $25.0 billion. Both Ant Group and Alibaba were founded by Jack Ma, the richest man in China.

Alibaba Agreed to Acquire Auchan Retail International SA

October 19, 2020October 19, 2020 Benedict Kasigara Leave a comment

On the morning of October 19th, Alibaba (09988.HK/BABA.NYSE) announced that it had agreed to acquire Auchan Retail International SA and its affiliates through its subsidiary Taobao China investment totaling approximately HK$28 billion ($3.6 billion US dollars) Jixin Holdings Co., Ltd. shares 70.94%.

TikTok – As Time Ticks

Editor's Pick August 5, 2020August 7, 2020 Madhavi Vudayagiri Leave a comment

A little lip-sync video platform called Musical.ly was based in Shanghai with offices in Santa Monica, California. It was bought by ByteDance, headquarted in Beijing. In August 2018, it was rebranded as TikTok, and then downloads of the app doubled worldwide. TikTok is an app whose bulk users are teens and those in their twenties. Reese Witherspoon asked Deacon Phillipie, her teenaged son to teach her about TikTok. Jimmy Fallon, the king of late night viral videos used his own in-app challenge called #tumbleweedchallenge and got into TikTok action.

Chinese Firms, Executives Endorse Grueling “996” Working Hours

February 2, 2020February 2, 2020 Benedict Kasigara Leave a comment

In the ranking of fashionable Chinese words in 2019, the concept “996” was included. Alibaba President Jack Ma introduced it into everyday life. It means that a person works six days a week from 9:00 in the morning until 9:00 in the evening. Since he was sharply criticized, Jack Ma disowned the word, but in modern China, this is not uncommon.

Alibaba Cloud Wins National Technology Invention Award

January 10, 2020January 13, 2020 Benedict Kasigara Leave a comment

On the morning of January 10, the National Science and Technology Awards Conference was held in Beijing. Alibaba Cloud has won two national awards, the National Technology Invention Award and the National Science and Technology Progress Award. The award-winning technology is derived from a decade of technology and strategic investment, and has served hundreds of millions of people.

“Maple Bridge Experience” Conference Held, Focuses on Digital Economy Governance System

January 7, 2020January 7, 2020 Joyce Davis Leave a comment

The 4th Network New “Maple Bridge Experience” Summit Symposium, co-organized by Legal Network, and co-organized by Alibaba Group, was held today. “How to make governance create more social value,” has become the focus of discussion among many participants. In the era of the digital economy, digital economic governance models and experiences with technology and co-governance at the core not only play a role in solving business problems and creating new business opportunities, but also provide participation in social governance and solving various social problems.

Alibaba Founder Jack Ma Retires

September 10, 2019September 10, 2019 Joyce Davis Leave a comment

The founder of the Chinese Alibaba Group, Jack Ma, left his post as the board of directors chairman on Tuesday and retired, as promised exactly a year ago. Ma founded Alibaba in 1999. In 20 years under his leadership, Alibaba has become one of the largest e-commerce corporations in the world. Its capitalization exceeds $500 billion.

Amazon Continues to Reward Ebanel Fake Reviews – More Consumer Fraud From Blakeview

Editor's Pick August 2, 2019January 28, 2020 Jay Black Leave a comment

After we sent our last article to the Department of Justice, they have responded. So we will be coping them on all of our future articles. We have made a claim that Amazon discriminates against both against US and honest businesses; that Amazon gives an asymmetric and unfair advantage to known and documented cheaters and/or offshore companies that use large scale fake reviews from day one.

Amazon – Travelambo Review Showed 100 % Fake Reviews for a Fake Company – Possibly Owned by Alibaba & Ebanel Review Fraud Update

Editor's Pick July 19, 2019January 28, 2020 Jay Black Leave a comment

We reviewed Travelamo this week. We have found that companies are often the most egregious users of fake reviews during a new product launch. We reviewed the Travelambo Leather Business Card Holder Case for Men or Women Name Card Case Holder Magnetic Shut (Napa Red Wine) on Amazon.

Feud with Amazon, Walmart, Musk, Ebay, and Trump

April 12, 2019July 3, 2019 Jay Black Leave a comment

Amazon to Walmart: U.S. retail giants woke up Thursday to yet another challenge from Amazon.com. Chief Executive Officer Jeff Bezos, this time with a call to match his company’s recent increase to a minimum wage of $15 per hour. “Do it! Better yet, go to $16 and throw the gauntlet back at us…It’s a kind of competition that will benefit everyone.”

Alibaba Suspected of Cheating People Around the World

Editor's Pick February 12, 2019March 1, 2019 Maomao Zhuang 4 Comments

Recently, the “Meituan” take-outs increased the commission: from the original 18% to 22%, an increase of 4% commission. Such a blatant increase in commissions, which led to domestic criticism, domestic consumers and businesses have expressed dissatisfaction.

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