Arrow Artboard Created with Sketch. Artboard Created with Sketch. Title Chevron Title Chevron Icon Facebook Icon Linkedin Icon Mail Contact Path Layer Icon Mail Positive Arrow Icon Print China tech China moves to disrupt Alibaba's iron grip on vendors Authorities no longer able to turn blind eye to anti-competitive practices Despite almost six months of violent anti-government protests, Alibaba's $12.9 billion share sale in Hong Kong, which prices on Wednesday, will be the world's largest equity offering this year.
NAOKI MATSUDA, Nikkei staff writer November 11, 2019 01:10 JST | China
SHANGHAI -- When China's e-commerce giant
Alibaba Group Holding gave an ultimatum to Chinese home appliance manufacturer Galanz, the world's largest microwave maker did the unthinkable. It refused.
"If you want to continue to sell on Alibaba, you will have to stop dealing with Pinduoduo," a Galanz manager said he was told. Pinduoduo is the country's third-largest e-tailer.
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