Alibaba Group

In an effort to protect users from the proliferation of online scams and general crime on the internet, the Ministry of Digital Governance is in the final stages of drafting a law, which will be put out for public consultation in the near future, with rules and control procedures governing online communications, information and transactions. 

Chinese fintech giant Ant Group has announced a share buyback plan to allow some investors to offload or reduce their stakes after the government slapped the firm with a $1 billion fine for alleged "illegal acts".

Ant operates Alipay, the world's largest digital payments platform, which boasts hundreds of millions of monthly users in China and beyond.

Jack Ma will cede control of Chinese fintech giant Ant Group, the company has announced, following a Communist Party crackdown on the nation's tech sector that targeted the charismatic billionaire.    

Shares in Alibaba slumped more than 5 percent yesterday following a report that Beijing regulators had ordered a fresh investigation into state firms' links with the Chinese e-commerce giant's fintech arm Ant Group.

China Telecom could raise more than $8 billion in a Shanghai initial public offering that would be the biggest this year, months after it was delisted in the United States amid Washington's stand-off with Beijing.

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Chinese regulators hit e-commerce giant Alibaba with a record 18.2 billion yuan ($2.78 billion) fine on Saturday over practices deemed to be an abuse of the company's dominant market position.

Serbian President Aleksandar Vucic has become a direct part of a campaign to attract tourists from China, with his photo on posters inviting Chinese people to visit Serbia, as a part of broader campaign of promoting Serbia in the country.

Visitors to China can now access the country's massive cashless economy, CNN reported. They will now be able to use mobile payments in mainland China, the largest company in the Alipay sector, owned by giant Alibaba, said on Tuesday.

The 2019 Innowave Summit will take place in Varna on October 18 and 19 at the Palace of Culture and Sports. The large-scale conference will bring together global brands such as Apple, Facebook, Google, Amazon, eBay, Trip Advisor, Booking, CNN, Alibaba.com in Bulgaria's maritime capital, as well as venture capital funds from 3 continents, with an investment portfolio of over $ 100 million .

The European Union is setting up a € 100 billion fund to invest in strategic industries where the community lags behind its global competitors. This is written by the British Financial Times, which has managed to get acquainted with the relevant EU documents.