TikTok Parent ByteDance Plans Hong Kong IPO After Shelving New York Listing
ByteDance, the Chinese tech giant behind TikTok, is reportedly planning a 2022 Hong Kong initial public offering (IPO) just months after shelving a potential offshore listing in fear of punishment from...
View ArticleAlibaba #MeToo Case Shines Light On Toxic Corporate Cultures
Tech companies’ toxic cultures are the latest focus of China’s resurgent #MeToo movement. In an essay posted on internal Alibaba message boards and later leaked to the public, a female employee alleged...
View ArticleHangzhou Party Boss Investigated For Corruption, Officials Warned About...
An investigation into Hangzhou’s Party chief by the CCP’s powerful internal anti-corruption watchdog may be tied to Alibaba’s ongoing political woes. Over the weekend, the Central Commission for...
View Article“996” Ruled Illegal Yet Labor Researchers, Activists Still Arrested
The Supreme People’s Court has ruled the much-reviled “996” 72-hour work week illegal. The January death of a 22-year-old Pinduoduo employee after working a late shift focused public anger on 996...
View ArticleAlibaba Fires Employees Who Leaked Sex Assault Case, Invests In “Common...
Once fêted at home and abroad as an emblem of China’s rising power, Alibaba has fallen on hard times. Spin-off Ant Group’s IPO was blocked at the eleventh hour by Xi Jinping’s personal fiat. Founder...
View Article