Beijing heavily fines Alibaba and Baidu for failing to report old deals

Tech 11/20/21, 03:07

According to Reuters, China's market regulator on Saturday, Nov. 20, said it was fining companies including Alibaba, Baidu, and JD.com for violating anti-monopoly legislation, by not declaring 43 deals that date as far back as 2012 to authorities. Each enterprise involved in the cases would be fined $78,000, it said, the ...

No US charges against Chinese billionaire in alleged assault

China 12/21/18, 17:59

Chinese billionaire Richard Liu will not face charges over a rape accusation by a Chinese student studying in Minnesota because prosecutors said Friday they could not prove his guilt beyond a reasonable doubt. Liu, founder of the Beijing-based e-commerce site JD.com, was arrested Aug. 31 in Minneapolis on suspicion of felony ...

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