US brands suffer collateral damage in Chinese corporate war
SHANGHAI (AP) — The rivalry is so notorious it's been called the "great cat-and-dog war." On one side towers Alibaba Group Holding Ltd., China's e-commerce market leader, embodied by the black cat mascot of its Tmall platform. On the other is JD.com Inc., a fast-growing upstart represented by its white dog logo. Brands now caught in the cross-fire say they were punished by Alibaba after refusing exclusive deals as the e-commerce giant tried to muscle out the competition — a charge Alibaba denies. Executives from five major consumer brands ...
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