Alibaba was building a media empire. Now it's dumping Chinese TV shares - NewsBreak
By Hardik in Business
Updated 3 years ago
Alibaba is dumping its shares in one of China's largest TV broadcasters just months after it bought them, as the company comes under growing pressure from a government campaign to rein in Big Tech's power and influence. Alibaba plans to sell its 5% stake in Mango Excellent Media, according to...