How to Understand Alibaba’s Latest Shopping Trip

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How to Understand Alibaba’s Latest Shopping Trip
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Heard on the Street: As China’s e-commerce giant enters new era without co-founder Jack Ma, its deal-making seems aimed at keeping old rivals at bay

By Jacky Wong Updated Sept. 9, 2019 9:01 am ET The imminent retirement of co-founder Jack Ma hasn’t dimmed the ambitions of Chinese e-commerce giant Alibaba Group Holding . BABA 0.62%

China’s government campaign to regulate “daigou,” a popular practice in which middlemen buy goods from abroad to sell them back home, will probably drive more sales to officially sanctioned cross-border e-commerce sites like Kaola.

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