The billionaire businessman and Alibaba founder has disappeared from the public limelight after brushes with Chinese regulators in recent weeks, sparking speculation about his fate.
Amazon cant use its cloud-computing businesss AWS logo in China, a Beijing court ruled, the latest headache for a company that has already been hampered by Chinese regulations and rivals.
The ruling Party shows Jack Ma and investors whos the real boss.
Beijings top market regulator said it investigated the three major e-commerce platforms after receiving complaints from consumers.
Chinas latest salvo against one of its most well-known technology giants could portend a more perilous regulatory regime for others in the industry as well.
While many grocers have relied on the delivery services technology as the pandemic drove consumers online, some chains are concerned about Instacarts fees and other aspects of the partnership.
The probe casts a spotlight on longstanding contentions from merchants and rivals that the e-commerce giant pressures some sellers to operate only on its platforms.
Six of Chinas largest consumer internet businesses, including Alibaba and Tencent, were informed of increased scrutiny of a popular e-commerce purchasing model.
The House unanimously approved legislation that threatens a trading ban of shares of Chinese companies, such as Alibaba, over concerns that their audits arent sufficiently regulated.
Lawmakers next week are likely to force Chinese companies with shares traded on American exchanges to finally comply with audit-oversight rulesor leave U.S. markets altogether.
The extraordinary move to suspend the $34 billion initial public offering of Ant Group, the online-finance operation carved out of Alibaba, caps a tug of war between billionaire Jack Ma and Chinas top regulators.