HONG KONG -- With China's biggest annual online shopping festival reaching its climax on Thursday, initiator Alibaba Group Holding is learning to share the spotlight with rivals.
Beijing's crackdown on the tech sector over the past year has been particularly hard on Alibaba, forcing the company to abandon its practice of demanding that vendors list products on its platforms exclusively as well as requiring it to begin accepting more alternative forms of payment to its Alipay service. Competition regulators fined the company 18 billion yuan ($2.81 billion) in April.
