The party secretary of Hangzhou, Zhou Jiangyong, was placed under investigation on Saturday, while reports on his arrest being linked to Alibaba’s financial affiliate, Ant Group, have been denied. “The Chinese Communist Party (CCP) boss of Hangzhou Zhou Jiangyong is suspected of seriously violating discipline and laws, and is under investigation and inspection,” the Central…
Party Boss in Hangzhou Accused of Corruption, Alibaba’s Ant Group Denies Involvement
Dozens of China Apps Warned Over Breaching Data Transfer Rules
China’s Ministry of Industry and Information Technology (MIIT) reported 43 apps on Wednesday for illegally transferring user data, warning companies to fix the issue within a week. The illegal behavior included transferring users’ location and contacts, and harassing users with pop-up windows, according to a MIIT statement. The ministry said if the 43 apps, that included…
Chinese Police Detain Two in Alibaba Sexual Assault Case
TAIPEI, Taiwan—Two men were detained Saturday on suspicion of sexual assault in a case that shook Alibaba Group, the world’s biggest e-commerce company, Chinese police announced. The men, identified by the surnames Wang and Zhang, were suspected of the crime of “forcible molestation,” police in the eastern city of Jinan said in a statement. It…
China’s Crackdown on Tech Companies Should Be a Warning Taken Seriously: Expert
U.S. investors and companies need to learn a lesson from Beijing’s recent crackdown on Chinese tech companies, warned Riley Walter, deputy director of the Japan Chair at the Washington-based think tank Hudson Institute. “Beijing doesn’t want these tech companies’ power to rival that of their own,” Walter said in a recent interview with NTD, an…
China’s Crackdown on Tech Companies Is a Warning to US Investors: Expert
U.S. investors and companies need to learn a lesson from Beijing’s recent crackdown on Chinese tech companies, warned Riley Walters, deputy director of the Japan Chair at the Washington-based think tank Hudson Institute. “Beijing doesn’t want these tech companies’ power to rival that of their own,” Walters said in a recent interview with NTD, an…
Top Public Relations Director at Chinese Social Media Giant Weibo Arrested
SHANGHAI—Chinese authorities have arrested a top public relations executive at Chinese social media giant Weibo Corp, local Chinese media reported widely on Aug. 10 and confirmed to Reuters by a company source. According to an internal memo sent to staff and seen by Reuters, Mao Taotao, director of public relations at Weibo, which is partly…
Alibaba Fires Manager Accused of Rape After Accuser Goes Public With Allegations
Chinese e-commerce giant Alibaba has fired a manager accused by an employee of rape after her account of the incident went viral on social media. Two of the company’s directors also resigned after mishandling the allegations. The scandal has prompted widespread criticism over the company’s response to the matter. The female employee went public on…
Jack Ma No Longer A Shareholder of Alibaba, Company’s Fiscal Report Shows
According to Alibaba Group’s 2021 annual report, Jack Ma, founder of the Chinese e-commerce giant, appears to no longer be a shareholder. Ma held more than 1 billion Alibaba shares in 2020. On July 27, the company announced it filed its annual report, on Form 20-F, for the fiscal year ending March 31, 2021, to…
Exposing the Red Elites Behind China’s Uber (Part 1)
July 19, 2021
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China’s largest online ride-hailing platform, Didi Chuxing, was listed on the New York stock exchange at the end of June. Days later, a cybersecurity review followed along with the removal of all its apps, resulting in its share price plunging. It was a massive reversal of fortunes which also resulted in the exposure of some red power…
China’s ‘Billionaires’ Are Fake
Commentary Alibaba’s Jack Ma and Joseph Tsai apparently can’t afford their own private jets. They had to borrow money from Credit Suisse to get them, despite each having cashed out over $5 billion in stock since 2017. Where’s all that cash gone? Is it even real? Do they keep it in banks for which they…
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