Caixin China Biz Roundup: Alibaba Buys Stake in European B2B Competitor

State-owned firms CICC, China Galaxy deny merger rumor; and former China securities regulatory official expelled from Communist Party for alleged bribery.    Subscribe to a bundle deal now to unlock all coverage by Caixin Global and The Wall Street Journal for only $250 a year. It’s a 60% discount. Group access and applicable discounts are available. Contact us for a customized plan.