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China orders Jack Ma to dispose of its media assets ​ By IANS | Published on ​ Tue, Mar 16 2021 10:36 IST | ​ 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 officials are more "concerned about the technology giant's sway over public opinion in the country". ...

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 giant's 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 118 years ago in Hong Kong. The company also has notable media holdings in mainland China, including...

Alibaba is facing an 'existential crisis' CNN 1/15/2021 Analysis by Jill Disis, CNN Business © 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 Mas internet empire. Photographer: Qilai Shen/Bloomberg/Getty Images This year could be the most co...

After Alibaba, China goes after Jack Ma's Ant Group IANS  0 After China's 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 ‘rectification plan for the Jack Mas fintech venture Ant Group.   According to a report in TechCrunch, the People's Bank of China, the country's central bank, "summoned Ant Group for regulatory talks on December 26th, announcing a sweeping plan for the fintech firm to ‘rectify' its regulatory violations".     The agenda is that Ant Group...