Browsing Tag:Chinese

alibaba-faces-2-8-billion-fine-from-chinese-regulators
China announced on Saturday that it had fined e-commerce titan Alibaba a record $ 2.8 billion for monopoly business practices. This was the government's toughest move to date in its campaign to tighten regulation of the country's internet giants.Beijing's market watchdog began investigating Alibaba for possible antitrust violations in December, including preventing vendors from selling their goods on...
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chinese-electric-car-start-ups-nio-xpeng-post-strong-march-deliveries
Xpeng CEO He Xiaopeng stands next to the company's P7 electric sedan speaking to the media at the 2020 Beijing Auto Show.Evelyn Cheng | CNBCBEIJING - Two of the US-listed Chinese electric car startups beat market expectations on their deliveries in March, with both companies breaking quarterly records.Xpeng said Thursday it shipped 5,102 cars in March, beating implied...
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