BUSINESSJun 11 · 04:50 UTCBLOOMBERGCharlie Zhu, Dong Lyu

Alibaba, JD.com Slide After Beijing Slams Price-Cut Promotions

Alibaba and JD.com experienced stock price declines following Beijing's criticism of their price-cut promotions. The Chinese government's disapproval of these promotional activities led to market reactions against the two major e-commerce companies.

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