Alibaba Nears First Big Deal Since Record Antitrust Fine

E-commerce firm, government are said to team up on Suning deal
Boosting Suning.com stake can help Alibaba compete with JD.com

Jack Ma, center left, walks towards Zhang Jindong at a conference announcing the two companies’ cooperation in Nanjing, China, in 2015.Photographer: STR/AFP/Getty Images

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By Coco Liu

June 30, 2021 at 9:00 PM UTC

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Alibaba Group Holding Ltd. is poised to make its first major investment since it paid a record antitrust fine as part of a bruising crackdown on Jack Ma’s internet empire.