Chinese internet titan Alibaba, the once seemingly invincible pioneer of online shopping in China, is in a slump. After an explosive stock rise following its 2014 initial public offering, Alibaba shares have lost most of those gains and the company’s grip on the online retail market is weakening. The WSJ’s Raffaele Huang and Liza Lin report that many of Alibaba’s woes are related to a government effort to rein in the tech sector and its widely known leaders. But Alibaba has had its own business challenges that left it open to incursions from more nimble operators, offering a possible lesson to other big e-commerce companies. Alibaba hadn’t kept pace with fickle Chinese consumers, who began shifting purchases to social-media platforms and reining in spending as the economy weakened. Alibaba is trying to hit back by beefing up content creation and livestreaming and offering more inexpensive items to fend off competitors.

Aviation regulators in the U.K. are stepping up efforts to fix flaws in the high-stakes aircraft parts supply chain. British authorities arrested one person as they launched a criminal investigation into alleged fraud at a supplier suspected of selling thousands of jet-engine components with fake safety certificates that have been found in dozens of jets. The WSJ’s Benjamin Katz reports that suspect parts from AOG Technics ranging from simple nuts and bolts to more critical turbine blades went into engines manufactured by General Electric and France’s Safran. Those engines power one of Boeing’s best-selling jets, and suspected unapproved parts have since been found on more than 100 engines, including on jets operated by several top U.S. airlines. AOG positioned itself as a middleman between spare parts makers and maintenance workshops. The parts under scrutiny are suspected to have been purchased second-hand and resold as new.

• Maritime container terminal operator DP World opened an air cargo handling facility in the Dominican Republic. (Air Cargo News)

U.S. imports by value inched up 0.2% in October while exports tumbled 1%. (MarketWatch)

The Bank of Canada left its policy interest rate unchanged at 5%. (WSJ)

A containership collided with a floating bridge in the Suez Canal but traffic moved around the scene. (WSJ)

Italy is withdrawing from China’s Belt and Road initiative. (WSJ)

Swiss prosecutors charged a former top executive at commodities trader Trafigura with paying millions of dollars in bribes in Angola. (WSJ)

AT&T is dropping Nokia as its main supplier under a $14 billion, five-year agreement with Ericsson. (WSJ)

Apple is telling components suppliers it wants to source batteries for its newest iPhones from India rather than China. (Financial Times)

Best Buy has been reducing the share of online orders that it fulfills from stores. (Supply Chain Dive)

Alphaliner says global container lines reduced their greenhouse gas emissions about 12% in the first seven months of the year. (ShippingWatch)

Food and beverage supplier Nestlé says it will start moving half its global shipping volume on vessels using lower-emission fuels. (Journal of Commerce)

CMA CGM is switching its fuel choice for new vessels to liquefied natural gas because of the short supplies and high cost of methanol. (Lloyd’s List)

Georgia officials approved plans to build an intermodal rail terminal in Gainesville, Ga., linked to the Port of Savannah. (Trains)

Postal contractor Matheson Trucking told employees it is shutting down as of Jan. 31, 2024. (Business Journals)

Paul Page is editor of WSJ Logistics Report. Reach him at paul.page@wsj.com.

Follow the WSJ Logistics Report team: @PaulPage, @bylizyoung and @pdberger. Follow the WSJ Logistics Report on X at @WSJLogistics.