As Jack faces Maa s media empire China Pressure, Chairman Rabbit thrives naveenbharat.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naveenbharat.in Daily Mail and Mail on Sunday newspapers.
Mar 17, 2021
As news broke that China was pressuring Jack Ma’s Alibaba Group Holding Ltd. to sell the South China Morning Post, surprised employees pondered the future of Hong Kong’s main English-language daily.
When Hangzhou-based Alibaba bought the SCMP in 2015 for $266 million, it injected much-needed cash into its operations and pledged that the century-old newspaper would retain editorial independence.
While the newspaper has come under steady criticism for a tilt toward Beijing under Alibaba, its journalists closely covered the 2019 pro-democracy protests in Hong Kong while also publishing diverse opinions and coverage critical of China.
Now fears are growing among some staff members that a Chinese state-owned company could eventually take over from Alibaba and put the newspaper under Beijing’s thumb, according to an employee who asked not to be identified.
Jack Ma s SCMP latest Hong Kong outlet to face Chinese threat to press freedom japantimes.co.jp - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from japantimes.co.jp Daily Mail and Mail on Sunday newspapers.
China’s top leader warned that Beijing will go after so-called “platform” companies that have amassed data and market power, a sign that the months-long crackdown on the country’s internet sector is only just beginning.
China’s top leader warned that Beijing will go after so-called “platform” companies that have amassed data and market power, a sign that the months-long crackdown on the country’s internet sector is only just beginning.