Here’s another one. Lots of action at BABA.
Paywall too.


Alibaba’s push to rival Amazon by bringing US businesses on to its ecommerce platform has struggled to meet its targets, dealing a blow to the Chinese tech giant’s global expansion plans.

The group launched Alibaba.com, its business-to-business ecommerce website, in the US three years ago with the aim of signing up more than 1mn local businesses and compete globally with the likes of Amazon, which has a similar platform for wholesalers.

Bernstein analyst:
“ He highlighted the possibility that Alibaba’s Hong Kong listing could be its primary listing, with up to $21 billion inflows in its stock.”