Shares of Alibaba Group Holding Limited, JD.Com Inc., Baidu Inc., and Tencent Holdings Inc. fell in Hong Kong on Monday, while Xpeng Inc. and Li Auto Inc. traded higher. What’s Moving Chinese e-commerce giant Alibaba’s shares traded 0.5 percent lower at HKD 160.30 in Hong Kong, while technology company Baidu’s shares have lost 2.0 percent…
Alibaba, JD Fall in Hong Kong on Regulatory Worries, Nio Rivals Xpeng, Li Auto Continue to Surge
Beijing Doubles Down Against Freedom of Speech
October 13, 2021
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News Analysis The Chinese Communist Party’s (CCP) coming ban on non-state media in China expands Xi Jinping’s power at the expense of his domestic rivals and the Chinese economy. The CCP is making yet another move to consolidate its growing power. Non-state media will likely be banned in the near future. That means outlets like…
Chinese Regime Tightens Political Control of Internet Giants
BEIJING—The Chinese Communist Party (CCP) is tightening political control over China’s internet giants and tapping their wealth to pay for its ambitions to reduce reliance on U.S. and European technology. Anti-monopoly and data security crackdowns starting in late 2020 have shaken the industry. Investor jitters have knocked more than $1.3 trillion off the total market…
Alibaba Opens Up Apps to Support Rival’s Payment Service Under Beijing’s Scrutiny
October 1, 2021
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Analysis China’s largest internet corporations are decimating their walled-off ecosystems amid Beijing tightening regulations on its tech giants. The latest instance came when Alibaba Group allowed rival Tencent’s payment system to be integrated with some of its apps this week. Such practices have come under scrutiny from Chinese regulators, which have launched new rules…
Alibaba Plans to Drop Domestic Broadcaster Amid Beijing’s Regulatory Crackdown
September 24, 2021
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Chinese e-commerce giant Alibaba is seeking to sell its entire stake in Mango Excellent Media, less than a year after buying stock shares from the company. The move comes as Beijing has tightened its grip over various industries, including e-commerce. Television-based service provider Mango Excellent Media, headquartered in Hunan Province, announced on Sept. 24 that an…
Aussie Pension Funds Invest $1Bn in China Techs Accused of Human Rights Violations
September 24, 2021
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A human rights organisation has revealed that Australia’s largest super funds have invested over $1 billion (US$729 million) of Aussies retirement savings into China-based tech companies accused of aiding the Chinese Communist Party’s (CCP) persecution of Uyghurs and other minority groups. Hong Kong Watch (HKW) has urged AustralianSuper and the state-owned Commonwealth Superannuation to divest…
China Ranks as Worst Internet Freedom Abuser for 7th Consecutive Year: Report
September 22, 2021
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U.S.-based human rights organization Freedom House released its annual internet freedom ranking report on Tuesday. For the seventh consecutive year, communist China is listed as the worst Internet freedom abuser among more than 70 countries. Taiwan is included in the list for the first time, ranking among the top five countries with the highest degree…
Chinese Prosecutors Drop Case Against Former Alibaba Employee Accused of Sexual Assault
September 7, 2021
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SHANGHAI—Chinese prosecutors have dropped a case against a former Alibaba Group Holding Ltd employee accused of sexually assaulting a female colleague, saying they had determined he had committed forcible indecency but not a crime. The employee, identified by his surname Wang, was detained by police last month after a female Alibaba employee posted an 11-page…
China: Reservoir Water Discharged Without Warning
A Chinese man is on day three of a hunger strike. He’s protesting after police forcibly vaccinated him. Another man was pinned down on the ground by Chinese policemen, all because he refused to get tested for the CCP (Chinese Communist Party) virus. Is China’s pandemic cure worse than the disease? The country’s strict lockdown measures reportedly…
Spreading China’s Wealth
August 28, 2021
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Commentary People in China, especially rich ones, are about to learn a new history and an element of communism the older generations had forgotten and the younger ones never knew. Over the past 40 years or so, it has been widely reported that former Chinese leader Deng Xiaoping sparked the rapid growth of China’s economy…
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