reportway

reportway

Beijing reins in Alibaba, JD.com over devastating 618 price cuts

Shares in China’s biggest e-commerce companies fell on Thursday after Beijing’s market regulator called out five of the country’s biggest online shopping platforms over deceptive promotional practices ahead of the annual “618” shopping festival (June 18). Hong Kong-listed Alibaba shares…

“Starmer’s leadership is not sustainable”

John Healey’s resignation as Keir Starmer’s defense secretary is the latest blow to the prime minister’s ailing government. It can also be the most harmful. In a letter to Starmer, which he published in X shortly after noon, Healey quit…