Alibaba gives crash course on government relations

Alibaba is teaching its shareholders a useful lesson about Chinese business: there’s no such thing as having a good relationship with the government. The company’s shares fell 4.4 percent on Jan. 28 after a regulator lambasted its sales habits. Alibaba says the State Administration for Industry and Commerce (SAIC) is […]



Reuters via CHINA US Focus http://ift.tt/15ZCtH3