Suppliers said that many merchants on the shopping platform have shut down factories and incurred debts after it started imposing hefty penalties over what was deemed to be after-sales issues.
Related Posts
Jeep-Maker Stellantis Outlines CEO Succession Plan, Management Shake-Up
The automaker’s CFO and North America chief are stepping down amid its U.S. troubles.
Balfour Beatty Forecasts Earnings Beat
Balfour Beatty said it was on track to deliver earnings growth ahead of market forecasts this year, and that it planned further share buybacks in […]
StubHub Delays IPO Launch Due to Choppy Market Conditions
The ticketing marketplace had been eyeing a valuation of about $16.5 billion for its offering.