Alibaba, Government Near Deal to Bail Out Suning.com

The video discusses Alibaba's existing 20% stake in Suning, a major Chinese retailer, and its potential acquisition of a larger stake in collaboration with the Jiangsu government. Suning, known for its aggressive acquisitions, faces financial difficulties due to heavy debts and government intervention. The company's founder, Zheng Jingdong, may lose control if the deal proceeds. Suning's financial woes are exacerbated by its investments in real estate and sports, including owning Inter Milan. Recent events include a missed payment from China Evergrande and a court freezing assets over a creditor dispute.

How might the deal between Alibaba and Suning affect Zheng Jingdong?

What was the consequence of the chairman of Suning passing up a payment from China Evergrande?