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Chinese Government Instructs Alibaba To Sell Off Media Assets

Chinese Government Instructs Alibaba To Sell Off Media Assets

Pressure for regulation on Jack Ma’s business empire has continued to grow. The Chinese government recently ordered Alibaba to sell off its vast collection of media assets according to a report.This request represents another escalation of regulatory pressure that has continuously heaped upon Ma’s empire. This, however, followed the spectacular failure of Ant Financial to go public in November 2020.Earlier ...

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