Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Politics
Anusuya Lahiri

Here's What Happened Between China Regulator And Alibaba, Tencent

BABA (Organization) Alibaba Tencent CAC ByteDance Alibaba Group Holding Ltd Cyberspace Administration of China Daniel Zhang NYSE OTC
  • The Cyberspace Administration of China (CAC) said its official publication had carried out interviews with companies like Tencent Holdings Ltd (OTC:TCEHY), Alibaba Group Holding Ltd (NYSE:BABA), and TikTok parent ByteDance, Reuters reports.
  • The interviews followed the January 28 meeting held with 27 firms to discuss "healthy and sustainable" development.
  • Tencent founder and CEO Pony Ma said that he had organized a "study of the symposium" for the social media and gaming giant, The CAC quoted. Similarly, Qihoo 360 Technology Co Ltd chairman Zhou Hongyi said it had established "clear coordinates."
  • Alibaba CEO Daniel Zhang told the CAC it would improve its strategy to serve its platform users better.
  • ByteDance China chairman Zhang Lidong said it would "proactively" adjust its business focus and goals to continue developing technologies, including virtual reality, and actively crack global markets and compete with multinationals.
  • Price Action: BABA shares traded lower by 1.19% at $125 in the premarket session on the last check Thursday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Research Says Your Airfryer May Be Recording Your Conversations And Sending Data To China—Do You Have One?
Air fryers, once a kitchen darling, are now under scrutiny. Recent reports suggest these popular appliances may listen to users and send data to China.
International Business Times UK
International Business Times UK
Dave Grohl 'no longer working with divorce attorney' after fathering secret child
Foo Fighters frontman hoping to reconcile with wife Jordyn Blum after admitting fathering a child with another woman
Evening Standard
Evening Standard
Taylor Swift shares ‘extremely important’ reminder for US election
Pop star endorsed Kamala Harris after watching her presidential debate against Donald Trump in September
The Independent UK
The Independent UK
The 27 Club isn’t true, but it is real − a sociologist explains why myths endure and how they shape reality
There’s a certain allure to the notion that some of the world’s brightest stars burn out at the age of 27. The so-called 27 Club has captivated the public imagination for half a century. Its members include legendary musicians Jimi Hendrix, Janis Joplin, Jim Morrison, Kurt Cobain and Amy Winehouse.…
The Conversation
The Conversation
Quincy Jones’s music was the soundtrack to so many Black lives – and something we could be proud of
There will be countless tributes to the revered producer, but for me he evokes happy days growing up and the chaos of family parties, says music industry employee Michelle Kambasha
The Guardian - UK
The Guardian - UK
Dick Van Dyke makes rare social media appearance to endorse US Presidential candidate
'Mary Poppins' star Dick Van Dyke, 98, has made a rare social media appearance to pledge his support to Kamala Harris in the US Presidential race, and he did so by reciting a speech he delivered alongside Martin Luther King Jr. at a 1964 civil rights event.
BANG Premier
BANG Premier
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play