Retail news

• China orders Alibaba founder Jack Ma to pare down fintech empire

  28-12-2020 14:50
  
  Central bank says Ant Group governance is unsound and tells it to rectify ‘illegal activities’China has escalated its campaign to rein in the vast tech empire controlled by Jack Ma, the co-founder of Alibaba and one of the country’s richest people.Authorities in Beijing, who had on Christmas Eve ordered an investigation into allegations of “monopolistic practices” by Ma’s online retail giant, have now ordered his financial technology company Ant Group to scale
  
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• China orders Alibaba founder Jack Ma to break up fintech empire

  28-12-2020 14:50
  
  Central bank says Ant Group governance is unsound and tells it to rectify ‘illegal activities’China has escalated its campaign to rein in the vast tech empire controlled by Jack Ma, the co-founder of Alibaba and one of the country’s richest people.Authorities in Beijing, who had on Christmas Eve ordered an investigation into allegations of “monopolistic practices” by Ma’s online retail giant, have now ordered his financial technology company Ant Group to scale
  
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• Unhealthy snacks to be banned from checkouts at supermarkets in England

  28-12-2020 01:01
  
  No 10 also plans to stop multi-buy offers on foodstuffs high in sugar and fat from 2022 to tackle obesity crisisSupermarkets in England are to be barred from displaying unhealthy food and drinks at checkouts or using them in buy one, get one free offers, as part of a proposed government crackdown on obesity.The planned restrictions were praised by health campaigners as a “bold first step” in Downing Street’s promised campaign against obesity. Continue reading...
  
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