Alibaba

Activision Blizzard Proposes Settlement to DOJ Lawsuit; Alibaba Launches Budget Channel 99 Temai

In today's ExchangeWire news digest: Activision Blizzard proposes a settlement to end an antitrust lawsuit from the DOJ; Alibaba adds 99 Temai to its flagship retail platform Taobao; and Texas approves a bill restricting benefits for crypto miners.

Activision offers to settle esports antitrust lawsuit

Gaming giant Activision Blizzard has proposed a settlement to close an antitrust lawsuit from the US Justice Department. The DOJ accused the Call of Duty maker of imposing rules to limit competition and reduce wages for players in two of its professional esports leagues. The proposed settlement will be open for public comment and reviewed by the DOJ before being finalised.

Alibaba adds budget channel to Taobao

Alibaba has launched a new budget channel to its digital retail platform Taobao. 99 Temai, which translates to “99 special sale”, offers thousands of items ranging from household goods to plants. The launch of 99 Temai signals Alibaba is ramping up competition with online shopping rivals Pinduoduo and JD.com.

Texas passes bill limiting benefits for crypto miners

A proposed new law intended to limit key benefits for bitcoin miners has been approved by a state Senate committee in Texas. Senate Bill 1751, which was passed on Tuesday (4th April), would restrict how much miners can take part in grid balancing programs.

New on ExchangeWire

DSP vs SSP: When Two Tribes Go To War

dentsu's Dan Calladine on the Growth of AVOD, Chatbot Misinformation, and the State of the Metaverse

How Will Web3 Change Advertising?

PressBox Digest

Gaming & Ad Industry Innovators Launch Podcast Dedicated Site for Women Lifting Women

IAS -  "Why the future of marketing must be inclusive"

Magnite Broadens Global Footprint with First Nordics Office & Appoints Natasha Westlund as Head of Nordics

Want to see your latest press releases featured on ExchangeWire? Email info@exchangewire.com to find out more about our PressBox service.

Fact of the Day

300 million - the number of annual buyers on Taobao, as of 2022.

Source: TechNode
Hannah Dillon

Hannah joined ExchangeWire as staff writer in 2022, having previously worked in marketing, communications, and social media. Hannah graduated from the University of Manchester with a BA in Drama and English Literature.

Recent Posts

Adform Campaign Planner Launch Generates Significant Online Engagement

Adform, the most powerful and safe media buying platform built for game changers, celebrates today…

4 days ago

Opti Digital Unveils New Brand Identity Reflecting Strategic Growth

Opti Digital, a premium ad revenue platform, unveils a new brand identity that embodies its…

4 days ago

Digest: Ireland pushes for Big Tech to Vet Financial Ads; Warner Bros. Discovery Considers Split as Financial Loss Continues

In today’s Digest, Ireland pushes for Big Tech to vet financial ads, Warner Bros. Discovery…

4 days ago

2025’s All In Census: Is the Ad Industry Trustworthy? 60% of Members Don’t Think So

We look at some of the key findings from this year’s All In Census (created…

7 days ago

The Stack: A Big Week for Google

This week, Google dominated headlines with bold moves across content, advertising, and AI, while lawmakers…

1 week ago

Intent IQ Achieves SOC 2 Compliance, Reinforcing Enterprise-Grade Trust in Data Security & Privacy

Intent IQ, a leading provider of identity resolution and data technology, today (May 8th, 2025)…

1 week ago