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By Gavin Duvall
In alibaba, alibaba group, ant group, Asia, China, eCommerce, Government, JD.com, online marketplaces, pinduoduo, TC, Tencent, WeChat
Posted April 10, 2021

China gets serious about antitrust, fines Alibaba $2.75B

Chinese regulators have hit Alibaba with a record fine of 18 billion yuan (about $2.75 billion) for violating anti-monopoly rules as the country seeks to rein in the power of its largest internet [...]

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By Gavin Duvall
In Ant Financial, ant group, Asia, China, finance, fintech, funding, hong kong, TC, WeLab
Posted March 8, 2021

Hong Kong fintech unicorn WeLab raises $75M led by insurance giant Allianz

One of the few industries that have benefited from the COVID-19 crisis is online finance. Around the world, the pandemic has forced consumers to adopt digital banking. Hong Kong’s WeLab, a [...]

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