General Motors and SAIC Motor Corp file joint anti-monopoly complaint against Tencent

On Tuesday, Chinese smart vehicle supplier Shanghai PATEO stated along with General Motors Co’s local venture with SAIC Motor Corp it has filed a joint complaint against Chinese tech giant Tencent to China’s market regulator. In a statement, PATEO said Tencent abused its dominant messaging app’s market position to restrict sales of its products which…

Jack Ma, co-founder of Alibaba Group Holdings Ltd steps down as executive chairman

Under Jack Ma’s stewardship Alibaba grew into an e-commerce giant that it is today. Jack Ma, Alibaba Group Holding Ltd’s executive chairman and co-founder, who is also one of China’s best known corporate leaders, is set to retire from the e-commerce giant. The former English teacher now plans on focusing on philanthropy in education. As…