Chinese regulators fined leading food delivery platforms including Alibaba Group Holding Ltd. , PDD Holdings Inc. and Meituan for failing to filter out unqualified merchants. The State Administration for Market Regulation took a total of 3.6 billion yuan ($528 million) from several platforms, which also included JD.com Inc. and ByteDance Ltd. ’s Douyin, via fines and confiscation of income generat...
Chinese regulators fined leading food delivery platforms including Alibaba Group Holding Ltd. , PDD Holdings Inc. and Meituan for failing to filter out unqualified merchants. The State Administration for Market Regulation took a total of 3.6 billion yuan ($528 million) from several platforms, which also included JD.com Inc. and ByteDance Ltd. ’s Douyin, via fines and confiscation of income generated through improper use, according to a statement from the market watchdog on Friday. The penalty was the largest ever for delivery platforms since China’s food safety law was amended in 2015, according to the official Xinhua news agency. The watchdog’s decision followed a series of investigations by local governments into “ghost deliveries,” in which merchants registered with delivery platforms using fake locations and falsified government-issued licenses. In some instances, merchants outsourced orders to others without informing customers. SAMR said it found that the penalized platforms did not have a rigorous review process for merchants as required by law, but the platforms had all removed unlicensed shops after the probe started. SAMR also separately fined legal representatives and executives in charge of food security for these platforms a total of 19.7 million yuan. The companies did not immediately respond to requests to comment. China’s hyper-competitive instant delivery market engaged in a price war in the past year as platforms tried to defend their market share. Authorities have stepped up scrutiny of the sector, repeatedly warning the most aggressive contenders to ensure the interests of merchants and consumers.
Police say officers found discarded items in area after group claimed to have targeted embassy with drones Police have said they are investigating a security incident near the Israeli embassy in London after officers found a number of discarded items in the area. A statement said Counter Terrorism Policing London was aware of a video shared online overnight in which a group claimed to have targete...
Police say officers found discarded items in area after group claimed to have targeted embassy with drones Police have said they are investigating a security incident near the Israeli embassy in London after officers found a number of discarded items in the area. A statement said Counter Terrorism Policing London was aware of a video shared online overnight in which a group claimed to have targeted the embassy with drones carrying dangerous substances. Continue reading...
HIVE Digital Technologies ( HIVE ) said it priced $100M of 0% exchangeable senior notes due 2031 in a private offering through its wholly owned subsidiary, targeting qualified institutional buyers. The aggregate principal amount of the notes to be issued in the offering was increased to $100M from the previously announced $7M. The issuer also granted initial purchasers a 13-day option to buy up to...
HIVE Digital Technologies ( HIVE ) said it priced $100M of 0% exchangeable senior notes due 2031 in a private offering through its wholly owned subsidiary, targeting qualified institutional buyers. The aggregate principal amount of the notes to be issued in the offering was increased to $100M from the previously announced $7M. The issuer also granted initial purchasers a 13-day option to buy up to an additional $15M of notes, with the offering expected to close on April 21, 2026. More on HIVE Digital Technologies Ltd. HIVE Digital Pivoting Deeper Into HPC And Robotics For Long-Term Growth HIVE Digital: A Re-Rating Waiting To Happen HIVE Digital Technologies Ltd. (HIVE:CA) Q3 2026 Earnings Call Transcript HIVE Digital Technologies plans $75M exchangeable notes offering AMC Robotics, HIVE Digital partner to advance AI-driven robotics compute infrastructure
Quantum computing stocks are on the move again. In just five days, names like D-Wave Quantum Inc. (QBTS), Rigetti Computing Inc. (RGTI), IonQ Inc. (IONQ), Quantum Computing Inc. (QUBT), Arqit Quantum Inc. (ARQQ), jumped significantly in the last week, with Xanadu Quantum Technology (XNDU) a standout with over 200% rise in the last five trading days. At first glance, this looks like a classic momen...
Quantum computing stocks are on the move again. In just five days, names like D-Wave Quantum Inc. (QBTS), Rigetti Computing Inc. (RGTI), IonQ Inc. (IONQ), Quantum Computing Inc. (QUBT), Arqit Quantum Inc. (ARQQ), jumped significantly in the last week, with Xanadu Quantum Technology (XNDU) a standout with over 200% rise in the last five trading days. At first glance, this looks like a classic momentum run. However, the move has clear triggers, and it is not just retail hype. A Real Catalyst Behin
US equity futures rise after the S&P 500 and Nasdaq 100 hit fresh record highs. President Trump says a peace deal with Iran could come "fairly soon." Shares of Netflix extend decline after the streaming company's forecast fell short of analysts’ expectations and the announcement of co-founder Reed Hastings's resignation from the board. Veronica Clark of Citi anticipates a Fed rate cut in September...
US equity futures rise after the S&P 500 and Nasdaq 100 hit fresh record highs. President Trump says a peace deal with Iran could come "fairly soon." Shares of Netflix extend decline after the streaming company's forecast fell short of analysts’ expectations and the announcement of co-founder Reed Hastings's resignation from the board. Veronica Clark of Citi anticipates a Fed rate cut in September. (Source: Bloomberg)