Two days after Chinese regulators fined the e-commerce giant Alibaba $2.8 billion for placing illegal restrictions on the vendors on its shopping sites, the company said it would lower the fees it charges such merchants and invest in new services for them.“We will incur additional cost,” Alibaba’s chief executive, Daniel Zhang, said on Monday during a conference call with … [Read more...] about Alibaba Will Lower Merchant Fees After Antitrust Fine
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America’s Record-Setting Stimulus Could Power a Rebound in Other Countries
Washington’s robust spending in response to the coronavirus crisis is helping to pull the United States out of its sharpest economic slump in decades, funneling trillions of dollars to Americans’ checking accounts and to businesses.Now, the rest of the world is expected to benefit, too.Global forecasters are predicting that the United States and its record-setting stimulus … [Read more...] about America’s Record-Setting Stimulus Could Power a Rebound in Other Countries
Huawei’s growth slows amid trade tensions and chip shortages
With revenue up by 3.8pc in 2020, Huawei’s growth seems to be plateauing compared to the previous two years, when the company achieved year-on-year revenue growth of almost 20pc. However, this may not come as a major surprise for the Chinese tech giant after a turbulent year that not only saw it contend with a global pandemic, but also with ongoing trade disagreements with the … [Read more...] about Huawei’s growth slows amid trade tensions and chip shortages
The Week in Business: A Big Win for Marijuana
Good morning and happy Passover. Here’s what you need to know in business and tech news for the week ahead. — Charlotte CowlesCredit...Giacomo BagnaraWhat’s Up? (March 21-27)Suez Canal CrunchA giant container ship that ran aground and blocked the Suez Canal in Egypt has created an international boat traffic jam. More than 100 vessels carrying oil and goods destined for ports … [Read more...] about The Week in Business: A Big Win for Marijuana
The Agency at the Center of America’s Tech Fight With China
“When you start cutting off capital profits that can flow into R&D, many of them coming from the huge Chinese market, you really undermine our ability to stay at the tip of the spear in terms of semiconductor innovation,” Mr. Neuffer said.“The sense of urgency in recent years inclined our leadership to make decisions without reference to what industry thought,” said Daniel … [Read more...] about The Agency at the Center of America’s Tech Fight With China