All the things that allowed China’s internet innovators to become big, powerful and hugely profitable are under threat. The implications are chilling for established players. Draft rules detailed by China’s antitrust watchdog are aimed at rooting out monopolistic practices among internet companies, Bloomberg News reported. That could be invigorating for potential challengers to industry leaders such as Alibaba Group Holding ...

If the Pfizer-BioNTech vaccine gains regulatory approval by Christmas, we can cheer the scientists for heroic work. But it will be the distribution decisions made by governments that will determine how quickly we can all exit Covid confinement. The UK has put itself in a strong position to access early vaccines, but its approach to prioritisation and distribution needs careful ...

Bloomberg Billionaire Mukesh Ambani obliterated rivals in India’s telecommunications sector by selling $2 data plans and free voice calls. Four years later, he’s deploying a very similar tactic — cutthroat pricing — to gain an edge in the country’s increasingly competitive e-commerce space. As India hits the peak of its biggest shopping season, the festival of Diwali, the tycoon’s retail ...