Alibaba Group Holding Ltd said it will stop charging certain platform fees for the first half of 2020. — Reuters
Alibaba Group Holding Ltd plans to waive some of the fees it charges merchants to list products on its direct-to-consumer online mall, offering relief to retailers and brands grappling with a nationwide coronavirus outbreak.
The e-commerce company said it will stop charging certain platform fees for the first half of 2020. While that’s a chunk of revenue, Alibaba mainly earns from advertising, marketing and advisory services for retailers on Taobao and Tmall.
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