Wednesday, December 23, 2020
China launches antitrust probe into tech giant Alibaba
China has launched an antitrust investigation into Alibaba Group and will summon the tech giant’s Ant Group affiliate to meet in coming days, regulators said, in the latest blow for Jack Ma’s e-commerce and fintech empire. The probe is part of an accelerating crackdown on monopolistic behaviour in China’s booming internet space, and the latest setback for Ma. https://ift.tt/3aDBikY
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Docs: Israeli AI chip startup Hailo is pursuing an urgent IPO via a SPAC merger at a valuation of less than $500M; it was last valued at $1.2B in 2024 (Meir Orbach/CTech)
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Sohee Kim / Bloomberg : South Korean authorities are investigating a data leak at e-commerce giant Coupang that exposed ~33.7M accounts; ...
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