Business

Big Chinese firms fined over anti-monopoly law

China fined 11 companies including tech giant Tencent on Friday, taking aim at their acquisitions and joint ventures as authorities target monopolistic practices.

Business

Chinese regulator orders Ant Group to conduct major overhaul

Chinese regulators have ordered Ant Group, a financial affiliate of e-commerce giant Alibaba Group Holding, to become a financial holding company to ease financial oversight amid stepped up scrutiny of technology firms.

Business

Hundreds protest Amazon expansion in France

Hundreds rallied in several French towns on Saturday in protests against Amazon called by anti-capitalist and environmental groups, including at one site where the US e-commerce giant plans a massive warehouse.

Business

Lawsuit forces Uber to stop operating in Colombia

Uber said Friday it will stop operating in Colombia following stiff opposition from taxi drivers' unions and a lawsuit that said the ride-sharing app was breaking local transport laws.

Business

Colombia orders Uber to suspend app services

Uber has been told to immediately suspend its ride-sharing services in Colombia, the industry and commerce authority announced Friday, citing unfair competition laws.

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