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China Hits Ant Group with $985 Million FineAfter nearly three years of regulatory scrutiny, the fine is seen as a sign that Beijing is wrapping up its crackdown on technology firms. Powered by WPeMatico http://rss.nytimes.com/services/xml/rss/nyt/Technology.xmlNYT > Technologyhttps://static01.nyt.com/images/misc/NYT_logo_rss_250x40.pngTechnology124Claire Fu
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Alibaba’s Daniel Zhang Will Leave Top Post, Replaced by Joseph TsaiThe Chinese tech giant says its top leader, Daniel Zhang, will make way for two long-serving executives: Joseph Tsai takes over as chairman and Eddie Yongming Wu becomes chief executive. Powered by WPeMatico http://rss.nytimes.com/services/xml/rss/nyt/Technology.xmlNYT > Technologyhttps://static01.nyt.com/images/misc/NYT_logo_rss_250x40.pngTechnology124Chang Che
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Alibaba, Baidu and Tencent Signal First Steps in Bumpy RecoveryThe economy is open again, helping Alibaba, Baidu and Tencent claw back in the first quarter from a miserable 2022, though they are likely to face continuing skepticism from investors.http://rss.nytimes.com/services/xml/rss/nyt/Technology.xmlNYT > Technologyhttps://static01.nyt.com/images/misc/NYT_logo_rss_250x40.pngTechnology124Chang Che Powered by WPeMatico
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Alibaba Faces Reckoning Over HarassmentA rape accusation at the Chinese e-commerce giant has shed light on a work culture that some former employees say is humiliating and toxic.http://rss.nytimes.com/services/xml/rss/nyt/Technology.xmlNYT > Technologyhttps://static01.nyt.com/images/misc/NYT_logo_rss_250x40.pngTechnology124Sui-Lee Wee and Raymond Zhong Powered by WPeMatico
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Jack Ma Shows Why China’s Tycoons Keep QuietHigh-profile business leaders have been detained, sidelined or silenced as the Communist Party moves forcefully to keep companies in line. Today, the best strategy is to lie low.http://rss.nytimes.com/services/xml/rss/nyt/Technology.xmlNYT > Technologyhttps://static01.nyt.com/images/misc/NYT_logo_rss_250x40.pngTechnology124Raymond Zhong and Alexandra Stevenson Powered by WPeMatico
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China Turns to Elon Musk as Technology Dreams SourThe Tesla boss and digital prankster is striking a chord, at a time of disillusionment with the tech industry and its leading tycoons.http://rss.nytimes.com/services/xml/rss/nyt/Technology.xmlNYT > Technologyhttps://static01.nyt.com/images/misc/NYT_logo_rss_250x40.pngTechnology124Raymond Zhong Powered by WPeMatico
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China Orders Ant Group to Revamp Its BusinessThe country’s central bank made clear its displeasure with the financial technology company, adding to the growing scrutiny of Chinese internet giants.http://rss.nytimes.com/services/xml/rss/nyt/Technology.xmlNYT > Technologyhttps://static01.nyt.com/images/misc/NYT_logo_rss_250x40.pngTechnology124Raymond Zhong Powered by WPeMatico
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Why China Turned Against Alibaba’s Jack MaThe Alibaba chief paid for pushing back against Beijing. But the shift in attitude also speaks to a growing wealth gap and diminished opportunities for the young.http://rss.nytimes.com/services/xml/rss/nyt/Technology.xmlNYT > Technologyhttps://static01.nyt.com/images/misc/NYT_logo_rss_250x40.pngTechnology124Li Yuan Powered by WPeMatico
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Why China Halted Ant’s I.P.O., Dealing Jack Ma a BlowInvestors in what would have been the world’s largest share sale are getting refunds, as Beijing shows entrepreneurs the importance of listening to the Communist Party.http://rss.nytimes.com/services/xml/rss/nyt/Technology.xmlNYT > Technologyhttps://static01.nyt.com/images/misc/NYT_logo_rss_250x40.pngTechnology124Raymond Zhong Powered by WPeMatico
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