Jack Ma tightens China government, orders to sell media business

The company also has stakes in media companies based in China. It also has a stake in Weibo platforms such as technology news site 36KR government-owned Shanghai Media Group Twitter, as well as several popular Chinese digital and print news entities. Beijing, IANS. Jack Ma, the 25th richest man in the world, does not seem to have any difficulties. China's Xi Jinping government has ordered his group Alibaba to sell its media assets. The Wall Street Journal (WSJ) cited people aware of the case as saying that Beijing is concerned about the impact of the giant technology giant among the public in the country. Alibaba made its foray into the media space last year by acquiring South China Morning Post. It is a newspaper that started in Hong Kong 118 years ago. The company also has stakes in media companies based in China. It also has participation in several popular Chinese digital and print news entities, along with a stake in Weibo platforms ...