Over the years, Jack Ma has accumulated a media portfolio in China that rivals that of Jeff Bezos in the United States. But now the future of Ma’s media empire is in the crosshairs of the Chinese government, which is wary of the billionaire’s increasing media clout.
The Chinese authorities have ordered Alibaba to divest some of its media assets due to growing concerns about the company’s sway over public opinion in the country, The Wall Street Journal and Bloomberg reported citing sources.
Alibaba’s expeditions in media investments came under scrutiny when the firm announced the …
