Alibaba

Alibaba’s strong growth, buoyed by 2020’s extended Singles’ Day shopping festival, was overshadowed by an antitrust investigation and Ant Group’s business overhaul.

Tencent is looking to consolidate shoppers’ data and traffic within WeChat.

The city says it hasn’t issued an appropriate license yet.

Although group-buying has been around in China way before the COVID-19 pandemic, the sector enjoyed renewed popularity thanks to social distancing measures.

Alibaba, Tencent, Baidu, and Meituan have all used variable interest entities to dodge rules on capital activity.

The tragedy calls attention to the lack of workplace protections and benefits for around 200 million gig workers in China.

Major platforms, such as Alipay and JD Finance, removed deposit products last month.

DingTalk has already been the most-used app of its kind before the pandemic.