Ma Yun summoned by Indian court? The latest news is coming

category:Finance
 Ma Yun summoned by Indian court? The latest news is coming


It is understood that UC India has indeed received this notice and UC India is processing it according to the process.

A court document in the Indian capital, New Delhi, has summoned Jack Ma, Alibabas founder, in a lawsuit, according to an Indian court document.

Court documents show that civil judges of a district court in gurugram, the satellite city of New Delhi, have issued summonses to Alibaba, Ma Yun and more than a dozen individuals or companies, asking them to appear in court or through lawyers on July 29.

Local employees sued for compensation of 1.88 million after they were dismissed

Pushpandra Singh Parmar, an Indian employee who used to work for Alibabas UC browser, sued and dismissed him for opposing censorship and false news content on the companys apps, the report said. The former employee also presented some screenshots as evidence that Alibabas ucnews app had released fake news about India, especially the headline section.

Parmar, who was deputy director of UC browser office in India until October 2017, is seeking $268000 (about 1.88 million yuan) from Alibaba.

Update: UC India did receive notification

At the same time, he joked: as for Ma Yun, I dont know whether I know it or not. After he retires, it becomes more and more difficult to find him...

Ma Yun has already resigned as chairman of Alibaba

It is worth noting that Ma Yuns identity has changed greatly in the past year. On teachers day last year, Ma Yun stepped down as chairman of Alibaba group, and resigned as director of Softbank of Japan in June this year. However, Ma Yun is still a director of Alibaba group. According to Ma Yuns plan, his main energy will be devoted to charity, and he will be a teacher again.

Therefore, netizens have said that it is not appropriate to summon the founder.

Previously, India banned 59 applications in China

Previously, on June 29, Indias Ministry of electronic and information technology announced that 59 Chinese applications, including ucnews, UC browser, tiktok, wechat and microblog, were banned for reasons of security concerns.

Official announcement of Ministry of electronics and information technology, list of 59 apps from PIB

The court case is the latest hurdle Alibaba faces in India after the government banned apps, and UC has started to fire some employees in India.

Before banning the use of these apps, UC browsers had at least 689 million downloads in India, while ucnews had 79.8 million downloads, mostly in 2017 and 2018, according to analyst sensor tower.

Previously, Ali invested more than $3 billion in India

According to the securities times, according to a third-party statistics, Chinas app market accounted for 30% - 40% of the Indian market in 2019, with Chinas share ranking first in the free list and best-selling list of game apps, while the free list of non game apps ranked second.

According to the report released by ironpillar, the Mumbai investment company, there are only 31 Unicorn companies in India by the end of 2019, of which nearly half are divided by Ali and Tencent.

As of April this year, Ali has invested in 11 Indian technology companies, covering e-commerce, government, entertainment, travel and other high-frequency fields, including paytm, its online retail website paytmall, e-commerce enterprise bigbasket, and zomato, a restaurant review and delivery platform.

According to incomplete statistics, Alibaba has invested more than $3 billion in India these years.

India has been making a lot of small moves recently

In the early morning of July 24, Beijing time, Indias Ministry of Finance issued a notice restricting all Indian government agencies from purchasing goods and services from neighboring countries such as China and Pakistan, citing national security.

The circular states that restrictions will be imposed on all bidders from countries with land borders with India based on Indias national defense or matters directly or indirectly related to it, including the maintenance of national security. Bidders from these countries are eligible to bid in the procurement of goods, services and works only if they are registered with the competent authorities.

Previously, India did not explicitly prohibit foreign suppliers from entering the countrys public procurement market except for some special targets such as some defense products. Analysts believe that the new rules for all Chinese enterprises goods and services, or means a large number of ordinary goods, such as electronic products, electrical appliances, furniture, stationery, etc., will be restricted from participating in government procurement.

In addition, at the end of June, India announced that it had banned 59 app applications mainly invested by Chinese Internet companies based on security issues.

In mid April, the Bureau for the promotion of industry and domestic trade of India suddenly revised its foreign investment policy, requiring that all foreign direct investment from countries with land borders with India must first obtain approval from the Indian government.

Source: Li Zhaoyuan, editor in charge of China fund daily_ B7890