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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.    © Reuters
NAOKI MATSUDA, Nikkei staff writer | 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.

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