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#InternationalRelation #India #China #Court
Indian Court Summons Alibaba's Jack Ma for Sacking Indian Employee who Opposes the Company's Censorship System and Fake News Dissemination
The relation of China and India remains tense. The Indian government recently banned the use of the Chinese-owned Alibabaâs âUC newsâ and âUC Browserâ due to national security concern.
The Reuters reported on 26 July, 2020, Indian court had summoned the founder of Alibaba, Jack Ma, to be testified in court, as he was allegedly involved in an unreasonable dismissal of an Indian employed in âUC Browserâ. According to this former employee, Pushpandra Singh Parmar, he was fired due to his opposition towards the company appâs censorship system and dissemination of fake news. After facing an unreasonable dismissal, he filed the case to the court, seeking for a 268,000 USD (around 2.08 million HKD) compensation.
According to the news, in Parmarâs 200-page indictment, he showed captured screenshots and accused âUC Browserâ and âUC Newsâ of publishing fake news, creating social and political instability.
Also, he attached a list of Indian and English words which were labeled "sensitive" by the âUC Browserâ. These included âIndian-Chinese boundaryâ, âIndian-Chinese warâ, etc, indicating that the censorship system will automatically or manually refuse to publish the relevant content.
Source: Stand News #Jul26
#UCBrowser #UCNews #Alibaba #JackMa #Parmar #FakeNews
#InternationalRelation #India #China #Court
Indian Court Summons Alibaba's Jack Ma for Sacking Indian Employee who Opposes the Company's Censorship System and Fake News Dissemination
The relation of China and India remains tense. The Indian government recently banned the use of the Chinese-owned Alibabaâs âUC newsâ and âUC Browserâ due to national security concern.
The Reuters reported on 26 July, 2020, Indian court had summoned the founder of Alibaba, Jack Ma, to be testified in court, as he was allegedly involved in an unreasonable dismissal of an Indian employed in âUC Browserâ. According to this former employee, Pushpandra Singh Parmar, he was fired due to his opposition towards the company appâs censorship system and dissemination of fake news. After facing an unreasonable dismissal, he filed the case to the court, seeking for a 268,000 USD (around 2.08 million HKD) compensation.
According to the news, in Parmarâs 200-page indictment, he showed captured screenshots and accused âUC Browserâ and âUC Newsâ of publishing fake news, creating social and political instability.
Also, he attached a list of Indian and English words which were labeled "sensitive" by the âUC Browserâ. These included âIndian-Chinese boundaryâ, âIndian-Chinese warâ, etc, indicating that the censorship system will automatically or manually refuse to publish the relevant content.
Source: Stand News #Jul26
#UCBrowser #UCNews #Alibaba #JackMa #Parmar #FakeNews
Trump hints at banning more Chinese firms, Alibaba included
US President Donald Trump considers more Chinese companies sanctions and Alibaba could be the next target.
Asked at a press conference whether other Chinese companies such as Alibaba would be banned after targeting TikTok, President Trump replied, âWell, we're looking at other things, yes.â
According to a recent CNN analysis, Trump called Jack Ma, the founder of Alibaba, a friend of his after Ma said he would donate supplies to the US for fighting the pandemic. Still, Alibaba might become the next target. In a statement made earlier this month, US Secretary of State Mike Pompeo announced the expansion of the Clean Network programme. He called on US allies around the world to prevent intellectual property, including COVID-19 vaccine research, from being stored and accessed on Chinese cloud-based service providers as such as Alibaba, Baidu, China Mobile, China Telecom and Tencent.
Source: Stand News #Aug16
#Alibaba #JackMa #CleanNetwork #Pompeo #US #Trump #Sanctions
US President Donald Trump considers more Chinese companies sanctions and Alibaba could be the next target.
Asked at a press conference whether other Chinese companies such as Alibaba would be banned after targeting TikTok, President Trump replied, âWell, we're looking at other things, yes.â
According to a recent CNN analysis, Trump called Jack Ma, the founder of Alibaba, a friend of his after Ma said he would donate supplies to the US for fighting the pandemic. Still, Alibaba might become the next target. In a statement made earlier this month, US Secretary of State Mike Pompeo announced the expansion of the Clean Network programme. He called on US allies around the world to prevent intellectual property, including COVID-19 vaccine research, from being stored and accessed on Chinese cloud-based service providers as such as Alibaba, Baidu, China Mobile, China Telecom and Tencent.
Source: Stand News #Aug16
#Alibaba #JackMa #CleanNetwork #Pompeo #US #Trump #Sanctions
Chinese Authorities Target Jack Ma's #Alibaba and #AntGroup in Anti-monopoly Probe
The Chinese authorities is currently placing Alibaba, a conglomerate owned by Chinese entrepreneur Jack Ma, under "anti-monopoly investigation". It was reported that Ma would also be summoned.
Just right before Christmas, China's state-owned media including Xinhua Agency and Economic Daily published articles and commentaries, demanding Ant Group to "serve the people's needs and economic development".
Ant Group then released a statement earlier, claiming that it would "diligently study and strictly comply with regulatory departments' requests". Alibaba shares dropped by 7 percent when the news was heard by thr market.
On Dec 26, 2020, four state regulators in China, namely People's Bank of China (#PBOC), China Banking and Insurance Regulatory Commission, China Securities Regulatory Commission and State Administration of Foreign Exchange, has conducted "supervisory and guidance" talks with Ant Group, a subsidiary of Alibaba offering financial services, with one of the goals to "realize the spirit of the Party leadership and the State Council".
According to People's Bank of China vice chairman Pan Gongsheng after the "talks" on Dec 26, Ant Group issues included "poor corporate governance, ignorance of regulatory demands, illegal regulatory arbitrary, the use of its market advantage to take oit competitors", and so on.
Source: Stand News; RTHK #Dec27
#CCPControl #JackMa #Economy
The Chinese authorities is currently placing Alibaba, a conglomerate owned by Chinese entrepreneur Jack Ma, under "anti-monopoly investigation". It was reported that Ma would also be summoned.
Just right before Christmas, China's state-owned media including Xinhua Agency and Economic Daily published articles and commentaries, demanding Ant Group to "serve the people's needs and economic development".
Ant Group then released a statement earlier, claiming that it would "diligently study and strictly comply with regulatory departments' requests". Alibaba shares dropped by 7 percent when the news was heard by thr market.
On Dec 26, 2020, four state regulators in China, namely People's Bank of China (#PBOC), China Banking and Insurance Regulatory Commission, China Securities Regulatory Commission and State Administration of Foreign Exchange, has conducted "supervisory and guidance" talks with Ant Group, a subsidiary of Alibaba offering financial services, with one of the goals to "realize the spirit of the Party leadership and the State Council".
According to People's Bank of China vice chairman Pan Gongsheng after the "talks" on Dec 26, Ant Group issues included "poor corporate governance, ignorance of regulatory demands, illegal regulatory arbitrary, the use of its market advantage to take oit competitors", and so on.
Source: Stand News; RTHK #Dec27
#CCPControl #JackMa #Economy
Beijing orders Chinese media to censor coverage of Alibaba probe
The Chinese governmentâs propaganda arm directed media outlets toâ strictly involveâ the official line on the antitrust investigation into Alibaba and to ânot make changes or engage in extended analysis without permissionâ.
âIf any company announcements oppose official stance, do not publish, do not re-post, do not quote foreign media,â the directive said.
âThe Investment of Maâs companies are directly associated with some of Chinaâs most powerful political families. The fact that this time he is getting trouble with the Chinese state likely has high politics in the background, not just because he made one speech which my have hit Xi or some other party officialâs nerve,â said Xiao Quant, University of California at Berkeley.
Source: FT #Jan08
https://www.ft.com/content/62fe82c5-b058-4dd0-bb15-e9428593f078
#JackMa #CCP #Censorship
The Chinese governmentâs propaganda arm directed media outlets toâ strictly involveâ the official line on the antitrust investigation into Alibaba and to ânot make changes or engage in extended analysis without permissionâ.
âIf any company announcements oppose official stance, do not publish, do not re-post, do not quote foreign media,â the directive said.
âThe Investment of Maâs companies are directly associated with some of Chinaâs most powerful political families. The fact that this time he is getting trouble with the Chinese state likely has high politics in the background, not just because he made one speech which my have hit Xi or some other party officialâs nerve,â said Xiao Quant, University of California at Berkeley.
Source: FT #Jan08
https://www.ft.com/content/62fe82c5-b058-4dd0-bb15-e9428593f078
#JackMa #CCP #Censorship
China targets Alibaba with anti-monopoly investigation
Chinese regulators have launched an anti-monopoly investigation into Alibaba and the state market supervision administration on December 24 2020 said it had filed an investigation into Alibaba Group Holdings Ltd over âsuspected monopolistic practicesâ.
The Peopleâs Bank of China, China Banking Regulatory Commission, China Securities Regulatory Commission and State Administration of Foreign Exchange said they would also meet Ant Group founded by Jack Ma for âsupervisory and guidanceâ talks.
Shares in e-commerce company plummet, with financial spinoff Ant Group also called in for âsupervisoryâ talks with authorities
Beijing curbs increasing power of tech giants, Alibaba and TenCent.
In November 2020, Ant Groupâs world largest IPO was halted by Chinese authorities 48 hours before trading would have begun in Shanghai and Hong Kong.
Source: The Guardian #Dec24
https://www.theguardian.com/business/2020/dec/24/china-targets-alibaba-with-anti-monopoly-investigation
#JackMa #Alibaba #TenCent #China
Chinese regulators have launched an anti-monopoly investigation into Alibaba and the state market supervision administration on December 24 2020 said it had filed an investigation into Alibaba Group Holdings Ltd over âsuspected monopolistic practicesâ.
The Peopleâs Bank of China, China Banking Regulatory Commission, China Securities Regulatory Commission and State Administration of Foreign Exchange said they would also meet Ant Group founded by Jack Ma for âsupervisory and guidanceâ talks.
Shares in e-commerce company plummet, with financial spinoff Ant Group also called in for âsupervisoryâ talks with authorities
Beijing curbs increasing power of tech giants, Alibaba and TenCent.
In November 2020, Ant Groupâs world largest IPO was halted by Chinese authorities 48 hours before trading would have begun in Shanghai and Hong Kong.
Source: The Guardian #Dec24
https://www.theguardian.com/business/2020/dec/24/china-targets-alibaba-with-anti-monopoly-investigation
#JackMa #Alibaba #TenCent #China
the Guardian
China targets Alibaba with anti-monopoly investigation
Shares in e-commerce company plummet, with financial spinoff Ant Group also called in for âsupervisoryâ talks with authorities
Chinaâs regulatory crackdown has wiped billions off tech stocks â here are the risks ahead
Chinese authorities have introduced a slew of legislation in the past few months, largely aimed at the tech sector â a move thatâs spooked investors and wiped out billions of dollars in value from the countryâs internet giants.
The legislative onslaught began in November last year when the huge initial public offering of billionaire Jack Maâs financial technology company Ant Group was suspended.
Since then, regulators have introduced anti-monopoly legislation focused on the so-called âplatform economyâ which broadly refers to internet companies operating a variety of services from e-commerce to food delivery. Regulations have also aimed at bolstering critical data security and protection laws.
Source: CNBC #Aug30
https://t.co/d56SyUayMg
#China #Crackdown #JackMa #AntGroup
Chinese authorities have introduced a slew of legislation in the past few months, largely aimed at the tech sector â a move thatâs spooked investors and wiped out billions of dollars in value from the countryâs internet giants.
The legislative onslaught began in November last year when the huge initial public offering of billionaire Jack Maâs financial technology company Ant Group was suspended.
Since then, regulators have introduced anti-monopoly legislation focused on the so-called âplatform economyâ which broadly refers to internet companies operating a variety of services from e-commerce to food delivery. Regulations have also aimed at bolstering critical data security and protection laws.
Source: CNBC #Aug30
https://t.co/d56SyUayMg
#China #Crackdown #JackMa #AntGroup