Chinese Regulators Call for Alibaba to Divest Media Interests, Report Says
Alibaba (NYSE: BABA) continues to come under close scrutiny from Chinese regulators, who are concerned about the tech conglomerate's ability to shape public opinion through its vast media assets.
The Wall Street Journal reports Beijing is demanding Alibaba come up with a plan to significantly reduce its interests in those businesses, such as Sina's Weibo (a microblogging site like Twitter) and the English language South China Morning Post.
Alibaba's Jack Ma. Image source: Alibaba.
Source Fool.com
