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Alibaba Fined RMB18.2bn for Violating Anti-Monopoly Law

State Administration for Market Regulation (SAMR) on April 10 announced administrative punishments on Alibaba for the abuse of its dominant ...

PBoC to Propose New Anti-Monopoly Rules for Non-Banking Payment Industry

PBoC has drafted regulation to strengthen supervision over non-banking institutions’ payment services on January 20, as reported by JRJ.com on ...

SAMR Declares Regulatory Redlines on Internet Companies’ Community Group Buying Businesses

State Administration for Market Regulation (SAMR) and the Ministry of Commerce (MOFCOM) held an administrative guidance meeting for the regulation ...

Alibaba, Tencent, Hive Box Fined for Monopolistic Practices

Antitrust regulator, the State Administration for Market Regulations (SAMR), fined Alibaba Investments, Shenzhen Hive Box Technology, and China Literature , ...

Overview of Ant Forest Initiative’s Environmental and Social Performance

Ant Group started Ant Forest initiative within its mobile payment platform, Alipay, in August 2016. The in-app program records Alipay ...

CBIRC, PBoC Solicit Opinions for Online Microlending Administration Measures

CBIRC and PBoC issued draft interim measures for internet micro loan businesses on November 2 and will be soliciting public ...

Alibaba Employs Social Engagement to Reduce COVID-19 Impacts

Alibaba has been evaluating methods to incorporate sustainability into the firm’s long-term strategy, looking to achieve business development in a ...

Tech Firms’ ESG Engagement in China’s COVID-19 Prevention

The COVID-19 pandemic is pushing China, as with countries around the world, towards a higher level of digitalization, transforming sectors ...

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