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Companies, In Europe 23rd July 2026

AliExpress hit with largest fine imposed to date under European Digital Services Act

Reported by the Consejeros Editorial Team The European Commission has imposed a record fine of €550 million (around $629 million) on AliExpress, the retail platform owned by the Alibaba Group, for breaching the EU’s content moderation regulations (Digital Services Act), by failing to adequately assess the sale of illegal or counterfeit products on its platform. It is the largest fine imposed to date under this regulatory framework. The case directly…

yuan digital

World economy 10th October 2020

Will China’s Digital Currency Revolutionize Global Payments?

Daniel Wagner | More than 600 M Chinese already use Alibaba’s Alipay and Tencent’s WeChat Pay to pay for much of what they purchase. Both companies control approximately 90% of China’s mobile payments market, which totaled some $17 trillion in 2019. The Chinese government understands that, via Blockchain, the issuance of its own cryptocurrency is an excellent way to track and record the movement of payments, goods and people: the unsexily named Digital Currency/Electronic Payments (DCEP).

alibaba

World economy 22nd September 2014

Alibaba’s big deal

BEIJING | By Caixin | E-commerce giant Alibaba Group’s huge initial public offering in New York has stirred the market. Raising US$ 25 billion in total after the company and some of its shareholders sold extra shares, Alibaba’s IPO now ranks as the biggest ever.

china brands

Companies 3rd June 2014

China imposes new brand order

Chinese Internet companies such as Weibo, Baidu and Tencent are sophisticating their business models to offer innovative products and services.  This crucial change brings to the brands made in China greater value at a global level as they go public on the New York Stock Exchange.

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World economy 14th May 2014

Alibaba Continues Net Video Spree by Starting Production Firm

BEIJING | By Liu Ran via Caixin | E-commerce giant Alibaba Group Holdings Ltd. has taken another step forward in the online video business by establishing a video production business. China Vision Media Group Ltd., which is 60 percent owned by Alibaba and listed in Hong Kong, registered Alibaba Pictures Group Ltd. in Hong Kong on April 3, a source who works at Alibaba said. The legal representative of the new company is Dong Ping, the chairman of China Vision.