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2021-03-15

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China asks Alibaba to curtail media assets - WSJ

March 15 - 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 includin

China asks Alibaba to curtail media assets - WSJ

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