Suning Sports lays off staff, restarts Alibaba talks – report

Executive Vice President of Suning Sports Group Wang Dong during the Premier League Asia Trophy in July 2019 in Shanghai. ((Photo by Fred Lee/Getty Images for Premier League)

Suning Sports, owner of the Chinese streaming platform PP Sports, is laying off nearly 30 per cent of its staff in a cost-cutting drive and may have restarted joint-venture talks with Alibaba, according…