Alibaba Group Holding founder Jack Ma on Tuesday called on employees of the business empire he created in Hangzhou 25 years ago to “believe in the future” and “believe in the market”, as the e-commerce giant faces fierce competition on multiple fronts. According to his letter published on Alibaba’s internal website on Tuesday, marking the … Read more
The US Justice Department sent subpoenas to Nvidia and other companies as it seeks evidence that the chip maker violated antitrust laws, an escalation of its investigation into the dominant provider of AI processors. The DOJ, which had previously delivered questionnaires to companies, is now sending legally binding requests that oblige recipients to provide information, … Read more
Alibaba’s antitrust review comes to a close after 3 years of government scrutiny China’s market regulator has ended its antitrust review of Alibaba Group Holding and given the group full recognition after fining the e-commerce giant US$2.8 billion in 2021, according to an announcement on Friday. The State Administration for Market Regulation (SAMR), China’s market … Read more
The move to divvy up the industry mirrors a similar agreement between the two agencies in 2019 to divide enforcement against Big Tech, which ultimately saw the FTC bring cases against Meta Platforms and Amazon.com, and the DOJ sue Apple and Google for alleged violations. Those cases are ongoing and the companies have denied wrongdoing. … Read more
