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.
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
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