investing.com 24 Dec, 2020 09:00 am

China launches antitrust probe into tech giant Alibaba By Reuters

China launches antitrust probe into tech giant Alibaba

FILE PHOTO: Signs of Alibaba Group and Ant Group are seen during the World Internet Conference (WIC) in Wuzhen p By Julie Zhu, Kane Wu and Cheng Leng HONG KONG/BEIJING (Reuters) -China has launched an antitrust investigation into Alibaba (NYSE: BABA ) Group and will summon the tech giant's Ant Group affiliate to meet in coming days, regulators said on Thursday, in the latest blow for Jack Ma's e-commerce and fintech empire.Financial regulators will also meet with Alibaba's Ant Group fintech arm in coming days, according to a separate statement by the People's Bank of China on Thursday, casting another cloud over a potential revival of the share sale.The meeting would "guide Ant Group to implement financial supervision, fair competition and protect the legitimate rights and interests of consumers," the statement said.It follows China's dramatic suspension last month of Ant's planned $37 billion initial public offering, which had been on track to be the world's largest, just two days before shares were due to begin trading in Shanghai and Hong Kong.

Shares in Alibaba fell nearly 9% in Hong Kong, their lowest since July, while rivals Meituan and JD (NASDAQ: JD ).Fred Hu, chairman of Primavera Capital Group in Hong Kong, an Ant investor, said global markets would watch to see whether the moves were "politically motivated" and whether regulators targeted private but not state monopolies.

Injunction Hearing On Broward Teachers Suit Against Return To Classroom

"House rules" given at gunpoint land Lawton man in jail

Lizzie Borden’s Notoriety Is This Home’s Selling Point

Jack Russell terrier found crawling with fleas makes incredible recovery

Truist Financial Q4 Results Top Estimates

Australia Weren't Playing to Win; They Were Scared to Lose, Says Michael Clarke

Covid positive Lowmans Windward woman forced to sleep in school

Press highlights over GH¢57m received by COVID-19 Trust Fund, others

Singapore: NSG hooks up with Huawei

Foreign ministry hails Biden's pledge to strengthen alliances

KOF XV Meitenkun Is Still Fighting Against His Own Drowsiness

Africa: 1.5C Climate Target Will Be Out of Reach Without Greener Covid-19 Recovery Plans, Study Suggests

Giant Iceberg Whirling Off South Georgia Island Continues to Disintegrate, Scientists Say

Information Security Specialist (Eindhoven, NL)

Abu Dhabi Fund for Development completes $31.94mln energy projects in partner countries

Paracetamol, traumatic injury, . . . and other stories

Evening Update: Today's headlines from The Straits Times on Jan 21, Singapore News & Top Stories

The Biden-Harris Administration Immediate Priorities

Inside crumbling celeb mansions from Jacko’s Neverland to Mike Tyson’s former home with tiger cages and basketball court – The Sun

South32 shelves Eagle Downs; reports strong quarterly production

Black Lesbian Couple Deported After Touting Bali as Queer-Friendly

China launches antitrust probe into tech giant Alibaba By Reuters

Asia shares retreat from record, but U.S. stimulus hopes buoy market mood By Reuters

Oil slips in breather after run to 9-month high as COVID-19 surge stokes demand fears By Reuters

Oil Down, Rise in COVID-19 Cases Leads to Fuel Demand Worries By Investing.com

Dollar friendless as bears pile in, poised for worst week in a month By Reuters

Microsoft says it found malicious software in its systems By Reuters

U.S. FDA advisory panel sets stage for Moderna vaccine authorization By Reuters

Sony pulls Cyberpunk 2077 from PlayStation Store in blow to CD Projekt By Reuters

Is Tesla A Buy Or A Sell In 2021?

Exclusive: Indonesia e-commerce giant Tokopedia aims for $1 billion dual U.S., domestic IPO

2 FTSE Grocery Shares As Consumers Stock Up For The Holiday Season

Insurers, drugmakers sail into unknown with COVID vaccine rollout By Reuters

European Stock Futures Lower; Brexit Talks Hit Difficulties By Investing.com

Initial Unemployment Claims Paint A Grim Picture

Dollar Edges Higher, but Trend Still Points Lower By Investing.com

U.S. blacklists dozens of Chinese firms including SMIC By Reuters

China, EU aim for investment pact by year-end, Germany says By Reuters

just hours left for a Brexit trade deal By Reuters

Stimulus Saga, Copper Roars, CyberPunk Fiasco

Over 1.1 million ballots cast in early voting for Georgia U.S. Senate runoffs By Reuters

U.S. Futures Largely Flat; Market on Stimulus Watch By Investing.com

Metals, Miners Shifting Gears: Are You Ready For What's Next – Part 2

Oil up 7th Week, Longest Winning Streak Since April 2019 By Investing.com

Dow Falls on Stimulus Snag as Lawmakers Clash Over Fed's Emergency Powers By Investing.com

Ban on food aid restrictions blocked at WTO By Reuters

Exclusive-Brexit clouds airline ownership as Spanish-led fix rebuffed By Reuters

Tesla shares rise in busy trade ahead of S&P 500 debut By Reuters

2 ETFs For Investing In Industrial Metals As Economies Recover

Google trial judge suggests potential trial date, and it is in 2023 By Reuters

Chart Of The Day: Silver Lining For Precious Metals

Wall Street Opens Mixed Ahead of 'Quadruple Witching'; Dow Flat By Investing.com

Denmark stocks higher at close of trade; OMX Copenhagen 20 up 1.63% By Investing.com

Microsoft working on in-house chips for its servers, PCs By Reuters

U.S. Federal Reserve (Fed) Bank Stress Test Results

Dow Falls as Lawmakers Struggle to Find Breakthrough on Stimulus By Investing.com

Boeing 'inappropriately coached' pilots in 737 MAX testing -U.S. Senate report By Reuters

Trump signs bill that could kick Chinese firms off U.S. stock exchanges By Reuters

Fed sees 'strong capital levels' at banks after stress tests, greenlights share buybacks By Reuters

Vaccine, Stimulus Optimism Boost Wall Street To New Highs As 2020 Wraps Up

Copper/Gold Ratio vs 10-Year Yields: Time To Play Catch Up?

UK government pushes for lifting of U.S. travel restrictions -sources By Reuters

Wall Street falls as stimulus rally cools, Tesla hits record high By Reuters

Texas doctors in rural hotspots left out in cold on vaccine By Reuters

Hackers' broad attack sets cyber experts worldwide scrambling to defend networks By Reuters

California hospitals overrun even as vaccine is rolled out By Reuters

U.S. Dollar Bounces As Market Waits For Stimulus Deal

FDA investigating five allergic reactions after Pfizer shot in U.S By Reuters

Investors bet old-school retailers will rebound in 2021 By Reuters

Congress works through the weekend to finalize COVID aid package By Reuters

China signals GM, biotech push in key policy statement By Reuters

Biden to introduce team tasked with ambitious climate agenda on Saturday By Reuters

espionage or act of war? By Reuters

China issues new rules to review foreign investment on national security grounds By Reuters

China issues national security rules on foreign investment By Reuters

Apple puts supplier Wistron on notice after Indian factory violence By Reuters

Christmas comfort over COVID vaccines collides with new curbs By Reuters

Moderna, McKesson and U.S. Army general ready to roll out new COVID-19 vaccine By Reuters

Where There's a Kardashian, There's Gonna Be Luxury By Investing.com

Stimulus Hopes, Vaccine Optimism To Drive Sentiment In The Week Ahead By Investing.com