Caixin Global – Latest China News & Headlines

Home >


CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

Shanghai-Based Robot Developer Closes $46 Million Funding Round
Trending in China: Top Broadcast Exec Questions if Esports Are Really a Sport – Cue Heated Debate
Chinese Video Streamer iQiyi Targets U.S. Market With Animation on Nickelodeon
Chinese Majority Owned Lotus Announce EV Sports Car Venture With Renault’s Alpine
Chinese New Film Materials Maker HIUV on Track to Raise $227m in STAR Market IPO
Jordan Slam Dunks on Copycat Chinese Sportswear Brand Forcing Them to Change Their Name
Trending in China: Will ‘Chinese Baijiu’ Name Change Propel It To Global Dominance?
EHang Pioneers Self-Flying Drones for Tourists in Greater Bay Area City
TCL Squashes Rumours it is Withdrawing From North America Amid Empty Shelves
Chinese PE Fund Manager CICC Capital Secures $649m Second Close of Biomedicine Fund
WeRide Receives $310 Million as Beijing Opens Highways to Autonomous Car Tests
China’s Orchid Asia Leads Funding in Delivery Platform Fantuan, Edtech Startup Ivydad
U.S.-Listed Video Streamer Bilibili Files for Secondary Listing in Hong Kong, CNBC Reports
Dining Delivery Pay Dispute Leads Man to Set Himself on Fire
PayPal Becomes First Foreign Company to Offer Digital Payments in China
Tesla Rival Xpeng Motors Into New Year Fueled By New Credit Line
China’s Smartphone Shipments Fall Nearly 13% in December Amid Virus Flare-Up
Trending in China: Weibo Fails to See the ‘Funny Side’ of Sexual Harassment
Luxury Retailer Secoo Looks to Join Exodus of Chinese Companies from U.S. Stock Exchanges
Chinese Biotech Firm VISEN Raises $150m Led by Sequoia Capital China
China Clamps Down on Unfair Competition in Tech Sector

Qian Tong, Yuan Ruiyang and Han Wei / Jan 11, 2021 02:45 PM / Business & Tech

Beijing has stepped up efforts to regulate China’s tech giants as they attempt to clamp down on unfair competition and increase antitrust legislation.

Alibaba Group Holding Ltd and Ant Group Co. Ltd are two of the highest profile companies to come under increased scrutiny. Alibaba found itself at the center of a regulatory storm as China’s market watchdog launched an investigation into the company on Dec. 24, citing allegations of monopolistic practices. Two days later, top financial regulators summoned executives of Ant Group, calling on the company to return to its business roots and imposing on it a series of requirements.

Far from isolated cases, the two form part of a broader trend which saw the State Administration for Market Regulation (SAMR) fine Alibaba 500,000 yuan ($76,500) for failing to seek approval before increasing its stake in department store chain Intime Retail Group Co. Ltd. to about three-quarters in 2017. China Literature Ltd., the e-books business spun off by Tencent Holdings Ltd., was also fined over a previous purchase.

Read the full story here

Related: In Depth - China Applies Closer Scrutiny to Sprawling Tech Acquisitions 

Contact reporter Han Wei ( and editor Bob Simison (

Share this article
Open WeChat and scan the QR code