Selling the wrong business: Starboard wants Yahoo! to sell its struggling Internet business instead of its stake in Alibaba, according to a WSJ report.
SHANGHAI: Chinese e-commerce firm Alibaba Group Holding Ltd has told vendors on its Tmall website to stop selling medicine, saying a local regulator has issued an "urgent" directive halting drug sales via third-party platforms.
Alibaba, in a notice dated May 27 seen by Reuters, cited a circular from the Hebei province branch of the China Food and Drug Administration (CFDA) on "urgent control measures relating to drug products". It did not elaborate on reasons.
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