US Law Firms Investigate Alibaba’s Fake Issue
The dispute about the issue of fakes between China’s largest e-commerce company, Alibaba, and China State Administration for Industry and Commerce (SAIC) continues to heat up. Alibaba was first questioned about its sampling approach. It is now suspected of not disclosing it was being investigated by SAIC and thus misleading consumers.
In a white paper from SAIC about Alibaba on Jan. 28, Alibaba was said to be under “SAIC administrative supervision" on multiple issues. Since then, Alibaba’s stock plunged. It lost $11 billion on the 28th. On the 29th, the stock fell below $ 90 per share.
Hong Kong South China Morning Post reported that there are at least four US law firms seeking legal investigation against Alibaba. There are law firms preparing a lawsuit against Alibaba to recover shareholder losses stemming from misinformation.
Minister of Education Bans Western Values
Communist Minister of Education Yuan Guiren addressed in a forum on Jan. 29 that college ideology should be strengthened and Western values should not be allowed to enter the classroom. It immediately caused arguments from the Chinese academia and netizens.
Peking University Law School professor He Weifang told Deutsche Welle that Yuan’s opinion will stop college professors from teaching on campus. Former East China Normal University professor Zhang Xuezhong also criticized on WeChat that Yuan’s comment is a humiliation and intimidation to the college faculty.
Netizens questioned Yuan Guire: “What are the Western values, democracy, the rule of law, or Marxism?" “The officials sent their children directly to the United States and other Western countries, where they directly use Western textbooks. What should we do about it?"
HKUSU “Undergrad" Re-initiate “Self-determination"
The latest publication of Hong Kong University Students’ Union, Undergrad, issued a series of articles calling Hong Kong people to find a way out even in pessimism, in the era of the Umbrella Movement.
In its series, it described that the CCP has intended to annihilate Hong Kongers’ consciousness. “The ‘one country, two systems’ is powerless. Hong Kong is now no turning back. It is either to fight for the revolution or to succumb to the authority and become slaves."
This publication has drawn much attention because this is the first publication since Hong Kong Chief Executive Leung Chun-ying previously criticized its article to “promote independence of Hong Kong" on Jan. 14.