What’s the NFT Game Tencent & Alibaba Rush Into?
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World’s trading giant is studying blockchain to adopt it to Alibaba service.
Alibaba Leads $300M Investment into Chinese Autonomous Driving Startup DeepRoute.ai
Zhao, DeepRoute.ai’s chief exec, was quoted saying that his firm is spending a big share of their money for developing the driverless technology, poaching new talent, and increasing the company’s robotaxis fleet.
Chinese Regulators Seek to Split Ant Group’s Alipay in Latest Crackdown Effort
Chinese regulators have a bitter history with Ant Group beginning with Jack Ma’s criticism of national watchdogs, a trend that angered President Xi Jinping.
Chinese Tech Stocks Plummet on Regulatory Anticipation, China Encourages EVs Consolidation
Stocks of the Chinese electric vehicle companies led by Nio and Xpeng dropped approximately 2% each on Monday.
Small Cap Chinese Stocks Surge Ahead of Potential Listing on New Beijing Stock Exchange
The move to create the third exchange comes off as a proactive effort by the Chinese government to provide the framework for businesses to gain the right financial support from investors.
Alibaba Stock Down after Charitable ‘Common Prosperity’ Donation
By Tolu Ajiboye
Alibaba stock slid amid ‘common prosperity’ donation and increasing wave of regulatory clampdowns. Stocks on the Hang Seng Tech Index also plunged.
Australia Considering New Laws for Apple, Google, WeChat Digital Wallets
The Reserve Bank of Australia revealed that payments made via digital wallets for in-person transactions grew to 8% in 2019, a 6% gain since 2016.
SenseTime, China’s Largest AI Firm, Files for IPO on Hong Kong Exchange
The IPO filing by SenseTime is a bold move at a time when the company is put on the U.S. Entity List which is a likely factor to dampen investor and customer confidence.
Chinese Tech Stocks Register a Surge in Value as JD.Com and Tencent Prices Rise Upwards
By Juhi Mirza
Chinese tech stocks listed in Hong Kong which include stock prices of organizations such as Tencent, JD.com, and Alibaba have risen in value on Tuesday.
Alibaba Stock Down amid Increased Pressure from Chinese Antitrust Regulators
By Tolu Ajiboye
Alibaba Group Holding Limited (NYSE: BABA) stock is down after Beijing hit the Chinese tech sector with a wave of proposed regulations.