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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 to local media reports.

In August, Suning Sports executive vice president Wang Dong admitted the company's finances were under pressure due to its heavy outlay on sports media rights for its streaming service PP Sports.

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