The proposed settlement was filed in federal court in Manhattan and requires the approval of U.S. District Judge George Daniels. The lawsuit, filed in 2020, alleged that Alibaba claimed it did not violate anti-monopoly or unfair competition laws, despite requiring merchants to choose only one distribution platform. The settlement covers investors in Alibaba’s American depositary […]
KARACHI: The State Bank of Pakistan (SBP) on Friday eliminates the requirement of Electronic Form-E (EFE); by amending the foreign exchange regulations to facilitate exporters. Also, Through the Pakistan Single Window and International Platforms; it notifies revisions in foreign exchange regulations for export of goods from the country the central bank says. Moreover, Key changes […]
China’s market regulator has released new anti-monopoly guidelines aimed at internet platforms; tightening existing restrictions faced by the country’s technology giants. The new rules, published on Sunday, formalize an earlier anti-monopoly draft law released in November and clarify a series of monopolistic practices that regulators plan to crack down on. The guidelines are expected to […]
Alibaba Group founder Jack Ma made his first public appearance since October on Wednesday when he spoke to a group of teachers by video, easing concern about his unusual absence from the limelight and sending shares in the e-commerce giant surging. Speculation over Ma’s whereabouts has swirled in the wake of news this month that […]
China has launched an antitrust investigation into Alibaba Group and will summon the technology giant’s Ant Group affiliate to meet in the coming days, regulators said on Thursday, in the latest blow for Jack Ma’s e-commerce and financial technology empire. The investigation is part of an accelerating crackdown on monopolistic behavior in China’s booming internet […]
