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China orders Jack Ma to dispose of its media assets

China orders Jack Ma to dispose of its media assets โ€‹ By IANS | Published on โ€‹ Tue, Mar 16 2021 10:36 IST | โ€‹ 9 Views China orders Jack Ma to dispose of its media assets. Image Source: IANS News Beijing/New Delhi, March 16 : Taking its war against billionaire Jack Mas empire to a new level, the Chinese government has reportedly asked his conglomerate Alibaba to dispose of its media assets. According to a The Wall Street Journal report citing people familiar with the matter, Chinese o...
Hong Kong Ant Group Weibo Corp Bilibili Inc South China Morning Post Shanghai Media Group

China orders Jack Ma to dispose of its media assets with Alibaba group

Taking its war against billionaire Jack Mas empire to a new level, the Chinese government has reportedly asked his conglomerate Alibaba to dispose of its media assets. According to a The Wall Street Journal report citing people familiar with the matter, Chinese officials are more "concerned about the technology giants sway over public opinion in the country". Alibaba expanded its footprint in the media sector by acquiring the South China Morning Post, an English-language newspaper launched 11...
Hong Kong Ant Group Weibo Corp Bilibili Inc South China Morning Post Shanghai Media Group

Alibaba is facing an 'existential crisis'

Alibaba is facing an existential crisis CNN 1/15/2021 Analysis by Jill Disis, CNN Business ยฉ Qilai Shen/Bloomberg/Getty Images A motorist travels past an Alibaba Group Holding Ltd. office building in Shanghai, China, on Thursday, Dec. 24, 2020. China kicked off an investigation into alleged monopolistic practices at Alibaba and summoned affiliate Ant Group Co. to a high-level meeting over financial regulations, escalating scrutiny over the twin pillars of billionaire Jack M...
United States Alex Capri Donald Trump Qilai Shen Bloomberg Getty Jack Ma Ant Group Co
Source: msn.com

After Alibaba, China goes after Jack Ma's Ant Group

After Alibaba, China goes after Jack Mas Ant Group IANS ย 0 After Chinas top market watchdog began investigation last week into alleged anti-competition practices by ecommerce giant Alibaba, media reported on Monday that the country has now laid out โ€˜rectification plan for the Jack Mas fintech venture Ant Group. ย  According to a report in TechCrunch, the Peoples Bank of China, the countrys central bank, "summoned Ant Group for regulatory talks on December 26th, announcing a sweeping plan fo...
Administration Of Foreign Exchange Ant Group People Bank China Securities Regulatory Commission Jack Ma Ant Group Administration For Market Regulation

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