Alibaba Group Holding Ltd (NYSE: BABA) Stock Dips on News That U.S. Is Examining Its Cloud Unit on the Privacy of Its Consumers

Alibaba Group Holding Ltd (NYSE: BABA) shares bounced back from consumers’ lows in the last session. The company’s shares dropped by half a percent due to concerns of the U.S. government reviewing its cloud unit for national security risks.  The government’s investigation focuses on how the organizations store data of U.S. consumers, especially personal information […]

Alibaba Group Holding Ltd (NYSE: BABA) Failed to Report Software Bug Early

Alibaba Group Holding Ltd (NYSE: BABA) revealed that it delayed reporting a software bug because it didn’t know it was severe. Chen Zhaojun, the Alibaba cloud researcher, discovered the big in the log4j software and informed the Apache Software Foundation to fix it. After Zhaojun reported the flaw, governments and companies worldwide rushed to update […]

Alibaba Group Holding Ltd (NYSE: BABA) Fires a Female Employee Who Accused a Supervisor of Sexual Assault

Alibaba Group Holding Ltd (NYSE: BABA) has dismissed a female employee who cussed her supervisor, Wang Chengwe, of rape during a business trip for spreading lies and damaging information. The company dismissed Zhou for allegedly spreading misinformation on an executive and violating the company’s policies. The company fired Wang and investigated the incident internally. Later […]

China’s State of Administration of Market Regulations Fines Big Tech Companies Again

The State Administration of Market Regulation (SAMR) has announced that the Chinese government has fined ByteDance, Baidu Inc (NASDAQ: BIDU), Tencent Holdings (OTCMKTS: TCEHY), and Alibaba Group Holding Ltd (NYSE: BABA) for violating antitrust laws. SAMR fines the companies for 43 violations The SAMR revealed that there were 43 violations, some of which went back […]

Alibaba-Backed Nice Tuan Fined 1.5 Million Yuan Over Its Market Behaviour

Alibaba-backed Nice Tuan is fined 1.5 million yuan (that is around $235,302) and has been asked to suspend its functions for three days in Jiangsu province by the Chinese regulator. The Chinese market regulator took this step because of Nice Tuan’s irregular pricing checks and product dumping. In a statement released on the State Administration […]