China Goes for Broke in Indonesian E-Commerce

Accumulated waste from China's e-commerce and express delivery sectors stands to more than quadruple by 2025 unless action is taken to rein it in, green groups said on Monday, as an online shopping spree known as Singles' Day broke new sales records......»»

U.S. Commerce Secretary Gina Raimondo downplayed Huawei's new chip technology, asserting it lags years behind U.S. technology, amidst discussions on the impact of U.S. export controls on China and the global semiconductor race. read more.....»»

Cathie Wood-led Ark Investment Management on Friday bought 366,879 shares, worth about $27.7 million, in JD.com Inc (NASDAQ: JD), a key rival to Alibaba Group Holding (NYSE: BABA) in the e-commerce space in China. read more.....»»

China's E-Commerce Giant JD.Com Starts Paying Some Workers In Digital Yuan China's e-commerce giant, JD.com which directly competes with Jack Ma's Alibaba, said on Sunday that it has started paying some staff in digital yuan, the .....»»

Shares of Alibaba Group Holdings Ltd. surged more than 5% Monday in Hong Kong trading, after the e-commerce giant was fined a record $2.8 billion by China's antitrust regulator......»»

Chinese e-commerce giant Alibaba has been fined $2.8 billion for anti-competitive behavior as the ruling Communist Party tightens control over fast-growing technology industries.....»»

In issuing the subpoenas, the Commerce Department is implementing an executive order signed by President Donald Trump in May 2019......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Rhode Island Gov. Gina Raimondo also pledged to help the U.S. economy recover from the pandemic, to expand broadband access to regions with patchy Internet connections, and to promote manufacturing and clean-energy jobs......»»

Commerce Secretary nominee, Gina Raimondo, vowed to take a tough stance to protect American interests, including taking "aggressive" measures to combat Chinese practices that she believes hurt American workers......»»

The death of an e-commerce employee in western China has caused an outcry about lengthy working hours at the country’s tech giants – with state media.....»»

The hot IPO market continues with four more additions in the shortened four-day trading week ahead. Here's a preview of what's coming. read more.....»»

A fire broke out at Taiwanese passive component maker Walsin Technology's factory site in Dongguan, China on January 13, but the company estimates no material impact from the accident......»»

Billionaire Jack Ma, one of China's richest men and the founder of e-commerce giant Alibaba, has not made a public appearance in more than two months......»»

Chinese regulators have recently been cracking down on Ma's companies, e-commerce giant Alibaba and fintech company Ant Group. Once China's richest man, Jack Ma's.....»»

Chinese regulators on Thursday announced an anti-monopoly investigation of Alibaba Group, the world’s biggest e-commerce company by sales volume, stepping up the ruling Communist Party’s efforts to control fast-gro.....»»

Shares of Alibaba Group Holding Ltd. tumbled Thursday toward the lowest close in nearly six months, after Chinese regulators launched an antitrust investigation into the e-commerce giant......»»

Shares of Alibaba Group Holding Ltd. tumbled Thursday toward the lowest close in nearly six months, after Chinese regulators launched an antitrust investigation into the e-commerce giant......»»

The probe marks the formal start of the Communist Party’s crackdown on the crown jewel of Jack Ma’s empire, spanning everything from e-commerce to logistics and social media China kicked.....»»

China was expected to overtake the U.S., but stay-at-home shopping sprees kept the U.S. on top......»»