China asks Alibaba to curtail media assets - WSJ_老虎社区_美港股上老虎

China asks Alibaba to curtail media assets - WSJ

Reuters2021-03-15

March 15 (Reuters) - China's government has asked Alibaba Group Holding Ltd to dispose of its media assets, the Wall Street Journal reported on Monday, citing people familiar with the matter.

Discussions over the matter have been held since early this year, the report said, adding that officials were shocked at how expansive Alibaba's media interests have become. ()

The company, whose mainstay business is online retail, has stakes in the Twitter-like Weibo platform and several news outlets including the South China Morning Post.

Such influence is seen as posing serious challenges to the Chinese Communist Party and its own powerful propaganda apparatus, the Journal's sources were quoted as saying.

Alibaba did not immediately respond to Reuters' request for comment.

(Reporting by Akanksha Rana in Bengaluru; Editing by Ramakrishnan M.)

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Venus888
·2021-03-17
Hope is temporarily & price will rise
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w8w8
·2021-03-15
Time to cull this alibaba
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- HengKuan:
  like
  2021-03-16
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Kiteflying
·2021-03-15
Standing target for the Chinese government
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- PJoo:
  Hold or Sell $Alibaba(BABA)$?
  2021-03-16
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dave21
·2021-03-15
[强]
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chelvi
·2021-03-15
Share
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2
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- EchoWafflez:
  nice
  2021-03-16
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chelvi
·2021-03-15
Good
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chelvi
·2021-03-15
Good
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WGSsss
·2021-03-15
Good
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chelvi
·2021-03-15
Like and share
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3
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Andr3
·2021-03-15
Post
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- Andr3:
  comment
  2021-03-15
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高球手
·2021-03-15
No wonder Alibaba not climbing despite HSI composition limit lifted ....
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- 高球手:
  Too big also becone target for anti-trust Se what happened to Google > Alphabet....
  2021-03-15
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- Hoshihara:
  真要分拆阿里啊
  2021-03-15
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