China's crackdown on Big Tech has shifted balance in the country's e-commerce market, with JD.com, Pinduoduo thriving while Alibaba reels under heavy pressure (Naoki Matsuda/Nikkei Asia)

Naoki Matsuda / Nikkei Asia:
China's crackdown on Big Tech has shifted balance in the country's e-commerce market, with JD.com, Pinduoduo thriving while Alibaba reels under heavy pressure  —  Regulatory scrutiny and scandals put e-commerce leader on the ropes  —  SHANGHAI — China's crackdown on Big Tech has shifted …