As China intensifies crackdown, Jack Ma's Alibaba starts scaling down businesses
As China intensifies crackdown, Jack Ma's Alibaba starts scaling down businesses Decision to stop Xiami Music service comes days after Ma's Alibaba group announced to fold its financial operations as Chinese regulators stepped up crackdown on Jack Ma's financial technology empire BusinessToday.In | January 6, 2021 | Updated 11:50 IST Chinese billionaire and Alibaba co-founder Jack Ma Chinese billionaire Jack Ma's company Alibaba has decided to shut down its music streaming platform, Xiami Music, from February, indicating the company's plan to stay away from Chinese entertainment industry. Th...
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