Industry

Shares of Alibaba closed 6.5 percent higher in Hong Kong to trade at HK$232 Monday as the anti-monopoly investigation it faces settled.

Since its inception in 2012, Ximalaya FM has completed nine rounds of funding, the most recent being Series E in August 2018, which was invested by Tencent and Primavera Capital.

Tencent Cloud said it will open a second data center in Indonesia within the next year to seize the opportunities presented by the fast-growing mobile Internet there.

The company currently provides grocery delivery services in 16 first- and second-tier cities in China, with delivery in as little as 30 minutes.

Alibaba is the first but not the last, and the huge fine greatly enhances the regulation and contributes to long-term economic order fairness and efficient development of innovation, the team said.

Alibaba is not aware of any other anti-monopoly investigations, he said.

Chinese market regulator has fined e-commerce giant Alibaba Group 18.2 billion yuan ($2.8 billion), or 4 percent of its 2019 China sales of 455.7 billion yuan, after an investigation into the company.

Hello has launched three electric scooters, the Hello A80, Hello B80, and Hello B86, and one version of the Hello A80 is currently available for pre-order at a price of RMB 4,499 ($687).

In the fourth quarter of last year, Niu Technologies sold 150,465 units, up 42 percent from a year earlier, according to its earnings report.

The ADR of US-traded Tencent Holdings fell nearly 10 percent pre-market after its largest shareholder Prosus announced plans to sell HK$114.1 billion worth of its holdings.