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Friday, October 22, 2021

Alibaba, Under Beijing Pressure, Moves to Sell Stake in State-Owned Broadcaster

Alibaba plans to dispose of its minority ownership in a state-owned broadcaster, the first concrete step the Chinese internet giant is taking to dismantle its sprawling media empire following pressure from Beijing.Alibaba plans to dispose of its minority ownership in a state-owned broadcaster, the first concrete step the Chinese internet giant is taking to dismantle its sprawling media empire following pressure from Beijing.

Source : WSJ.com: US Business Read More

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