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What trade war? Alibaba splurges $2 billion on its e-commerce rival for foreign goods

WorldNews Friday, 6 September 2019
What trade war? Alibaba splurges $2 billion on its e-commerce rival for foreign goodsAlibaba is spending $2 billion to acquire its largest rival in online sales of imported goods, a sign of its confidence in China’s desire for stuff from abroad in spite of a slowing economy and the ongoing trade fight between China and the US. The deal, announced today (Sept. 6) and still to be finalized, would see China’s largest...
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News video: US Exports To China Dropped 22% In August

US Exports To China Dropped 22% In August 00:34

According to Business Insider, China's exports to America plunged 16% to $44.4 billion in August. It was a sharp acceleration from their 6.5% drop in July. President Donald Trump's trade war and its associated tariffs sapped demand for Chinese goods in their biggest foreign market. Chinese imports of...

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WorldNews Also reported by •Seattle Times

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