Chinese e-commerce firm Suning.com sells $1.5b of Alibaba shares

Chinese e-commerce firm Suning.com sells $1.5b of Alibaba shares

FILE PHOTO: A sign of Alibaba Group is seen during the fourth World Internet Conference in Wuzhen, Zhejiang province, China, December 3, 2017. REUTERS/Aly Song/File Photo

Chinese e-commerce company Suning.Com Co Ltd has sold $1.5 billion worth of shares in Alibaba Group Holding Ltd, cutting its stake in the tech giant to 0.51 percent.

Alibaba Group Holding Ltd.Suning.com Co Ltd

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