Ant Group is eyeing options for Jack Ma to divest his stake in the firm and give up control, as meetings with Chinese regulators signaled that the move could help draw a line under Beijing's scrutiny of its business.
The fashion resale platform raised $168 million with its initial public offering on Thursday, achieving a valuation of around $1.3 billion. Shares began trading at $18.25 on Friday, up 30% from their listing price.
After the department store chain accused the beauty retailer of trying to back out of a contract by not reopening its shop-in-shops when J.C. Penney stores open again, Sephora has hit back with a motion to dissolve.
Changes include the removal of the home page link to Amazon's daily deals section, the removal of Mother's Day and Father's Day promotions, and a reduction of the number of coupons available on its site.