China’s wealthiest man, Jack Ma, has locked horns with the country’s fourth-richest in an escalating dispute over the lucrative business of shipping Alibaba’s parcels to millions of shoppers nationwide.
Billionaire Wang Wei’s SF Holding on Friday accused Alibaba Group Holding’s delivery affiliate in an exchange filing of removing the company as a shipping option and blocking access to vital data. The affiliate backed by Ma, known as Cainiao, fired back by saying it was SF that first walled off information it needed to get parcels to customers.
It’s unclear what originally triggered their spat, which threatens a symbiotic relationship that underpinned SF’s