Alibaba Reportedly Switches To Percentage Fees for Merchants

Key TakeawaysAlibaba reportedly will charge vendors on its Tmall and Taobao platforms a 0.6% service fee starting in September.Rival e-commerce firms PDD Holdings, JD.com, and TikTok-parent ByteDance have each made the switch to percentage fees in recent years.Shares of the company closed higher in Hong Kong and its American depositary receipts (ADRs) also were up Monday. Alibaba Group Holding (BABA) reportedly announced plans to institute a software service fee for merchants, sending its American depositar ...