Crackdown-hit Alibaba to divest 5% stake in Chinese broadcaster - NewsBreak

SHANGHAI, Sept 24 (Reuters) - An investment arm of Chinese e-commerce giant Alibaba Group Holding Ltd (9988.HK), targeted in a regulatory crackdown, will divest its entire stake of 5.01% in broadcaster Mango Excellent Media Co Ltd (300413.SZ), the media firm said. The sale comes less than a year after the...