It looks like you're new here. If you want to get involved, click one of these buttons!
https://reuters.com/article/us-china-alibaba-timeline/events-leading-up-to-chinas-2-75-billion-fine-on-alibaba-idUSKBN2BX04W?il=0Feb. 7: China’s market regulator releases new anti-monopoly guidelines targeting internet platforms, further tightening restrictions on the country’s tech giants.
March 2: Ant is working on measures to help staff with “short-term liquidity problems”, internal staff messages from executive chairman Eric Jing show, after the IPO suspension dashed employees’ hopes of cashing in their shares.
March 12: Ant CEO Simon Hu unexpectedly resigns, the first top management exit since the scuppered $37 billion IPO.
March 18: Chinese regulators say they have Alibaba, Tencent, TikTok owner ByteDance and nine other technology companies for talks on use of “deepfake” technologies on their content platforms, stepping up scrutiny of the sector.
April 10: Regulators say they have fined Alibaba $2.75 billion for violating anti-monopoly rules and abusing its dominant market position, China’s highest antitrust fine ever.