Chinese Billionaires Clash Over Alibaba's Parcel Deliveries

China’s wealthiest man, Jack Ma, has locked horns with the country’s fourth-richest in an escalating dispute over the lucrative business of shipping Alibaba’s parcels to millions of shoppers nationwide. Billionaire Wang Wei’s SF Holding Co. on Friday accused Alibaba Group Holding Ltd.’s delivery affiliate in an exchange filing of removing the company as a shipping option and blocking access to vital data. The affiliate backed by Ma, known as Cainiao, fired back by saying it was SF that first walled off information it needed to get parcels to customers. Alibaba’s part-owned Cainiao depends on services such as as SF Express -- the largest of a handful of domestic delivery businesses -- to get parcels to customers’ doorsteps.

Walmart Workers to Executives: We Can't Pay Our Bills

At Walmart's (WMT) annual shareholders meeting on Friday, some employees took the stage to voice their grievances against the company about pay and advancement. "Today, I make over $10 an hour, and I appreciate that Walmart took this small step, but still too many of us are part-time, too many of us can't plan our lives or find the time to line up a second job or pay our bills," a three-year Walmart associate from North Carolina said at the meeting. The associate argued that many employees who work part-time wish to increase their hours and advance their career at Walmart with a full-time position, but the company instead hires more part-time workers. A Walmart spokesman said hourly full-time associates can earn as much as $24.70 an hour and on average full-time employees make $13.70 an hour.

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