But the tone at this year’s bonanza is a lot more cautious than it has been in prior years, as companies contend with rising inflation in a slowing economy and a regulatory crackdown on their operations. Alibaba (BABA) launched the first Singles Day Shopping Festival on November 11, 2009. The […]
crackdown
Alibaba Q2 earnings: Company to face investors as Beijing’s business crackdown grows
The company will report results for its most recent quarter on Tuesday. Alibaba’s main business — e-commerce — has held up well during the coronavirus pandemic, soaring as people turn to online shopping to buy things without leaving their homes. The company has also benefited from continued economic strength in […]
China’s private education firms are the latest targets of Beijing’s crackdown
A slew of big Chinese education and private tutoring companies are reeling from new rules barring them from turning a profit or raising funding on stock markets, with some warning that the regulations will hurt their business. The new rules, published over the weekend by China’s Ministry of Education, apply […]