Ant and Alibaba plan for less intertwined future after China crackdown

The headquarters of Ant Group, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China, in October 2020.  | REUTERS

BEIJING/SINGAPORE – Ant Group and Alibaba are untangling their operations from each other and independently seeking new business as the Jack Ma-founded companies navigate China’s devastating regulatory crackdown, four sources familiar with the matter said. E-commerce giant Alibaba Group Holding created what would become payments and financial services provider Ant and spun it off in

‘Bleed us dry’: Why tech platforms are facing rebellions

Etsy CEO Josh Silverman | BLOOMBERG

Paris – When Jak found online marketplace Etsy, it seemed like the perfect match: a tech platform for small traders to sell handmade items that promised to be a creative outlet and bring tidy profits. Five years later, Jak is one of thousands in open rebellion against the place they once saw as a safe

How the government could bring ‘bad news’ for Amazon, Flipkart

How the government could bring bad news for Amazon Flipkart

The proposed Open Network for Digital Commerce (ONDC) looks for to manage digital monopolies and create more inclusiveness within the digital commerce environment. As a platform meant to promote open networks developed on open-source method, ONDC will also enable lots of small, medium and micro business to get on to the digital bandwagon.The effort of

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