Alibaba

Time magazine has selected the top 100 most influential companies in the world in 2021, and Chinese technology companies including Alibaba, Huawei, and Tencent are on the list.

From 2016 to 2020, Alibaba Cloud's share rose from 3.7% in 2016 to 9.5% in 2020, up for the fifth consecutive year; AWS's market share fell from 53.7% in 2016 to 40.8% in 2020.

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.

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.

The marks a major e-commerce collaboration between the two large Chinese tech giants.

Alibaba's research and innovation institute DAMO Academy says it will increase its investment in technology in an effort to achieve major breakthroughs in areas including chips and quantum computing.

Alibaba's revenue for the third quarter of fiscal 2021 increased 37% year-on-year to RMB 221.08 billion ($34 billion), beating market expectations of RMB 214.158 billion and was higher than the RMB 161.456 billion in the same quarter last year.

Alibaba was fined because of its investment in the acquisition of Intime Retail's equity interest.