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How L.A.'s Asian-American Businesses Are Faring Amid Hate Crime Surge

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Alibaba May Be Forced to Sell Media Businesses by Chinese Government (Report)

15.03.2021 - 21:57

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Patrick Frater Asia Bureau ChiefThe Chinese government may order e-commerce to entertainment giant Alibaba to sell off or cut back its vast array of media assets.

In addition to the company’s too-big-to fail status derived from activities that range from food retailing to electronic payments, China’s government has reportedly become concerned about Alibaba’s ability to influence public opinion.After government regulators drew up an inventory of the group’s media assets earlier this year, they have begun negotiations with Alibaba that may lead to disposal of some of its media businesses, according to a Wall Street Journal report citing anonymous sources.Alibaba’s media and entertainment portfolio is huge and diverse, though it is almost.

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24.03.2021 / 21:35

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