Sunday, December 27, 2020

Alibaba raises proposed stock repurchase program by $4B to $10B, but shares slide 5%+ to a six month low in early Hong Kong trading amid antitrust fears (Coco Liu/Bloomberg)

Coco Liu / Bloomberg:
Alibaba raises proposed stock repurchase program by $4B to $10B, but shares slide 5%+ to a six month low in early Hong Kong trading amid antitrust fears  —  - An upsized share buyback program fails to lift Alibaba shares  — It coincides with a harsh clampdown on part-owned Ant Group



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Ofcom launches a probe into TikTok over Online Safety Act compliance, citing doubts about the effectiveness of using age inference to determine users' ages (Mizy Clifton/Politico)

Mizy Clifton / Politico : Ofcom launches a probe into TikTok over Online Safety Act compliance, citing doubts about the effectiveness of ...