China fines e-commerce giant Alibaba a record £2bn for abusing dominant market position for years

China slapped a record 18 billion yuan (£2billion) fine on Alibaba Group Holding Ltd on Saturday, after an anti-monopoly probe found the e-commerce giant had abused its dominant market position for several years. The fine, about 4 per cent of Alibaba’s 2019 domestic revenues, comes amid a crackdown on technology conglomerates and indicates China’s antitrust … Read more

China fines e-commerce giant Alibaba a record £2bn for abusing dominant market position for years

China slapped a record 18 billion yuan (£2billion) fine on Alibaba Group Holding Ltd on Saturday, after an anti-monopoly probe found the e-commerce giant had abused its dominant market position for several years. The fine, about 4 per cent of Alibaba’s 2019 domestic revenues, comes amid a crackdown on technology conglomerates and indicates China’s antitrust … Read more

Tycoons cash in £250m as shares in ecommerce business Hut Group surge following its London float

Tycoons cash in £250m as shares in ecommerce business Hut Group surge following last year’s London float Scottish tycoon Sir Tom Hunter was an early backer of the ecommerce business He bagged another £32m having sold £52.5m of stock when it listed in 2020 A number of other smaller shareholders also sold some stock  By Lucy … Read more

Media and e-commerce brands are top targets for phishing attacks

Some 84% of phishing URLs seen by content delivery network Akamai were abusing media and e-commerce companies. Phishing: Leading targets, breaking myths, and educating users Vade Secure’s Adrien Gendre explains why the end user is an important link in the security chain. Phishing attacks try to trick unsuspecting users by mimicking well-known brands and companies. … Read more