Why Chinese Regulators Want Alibaba to Sell Its Media Businesses
Alibaba (NYSE: BABA), China's largest e-commerce and cloud platform company, could be forced to divest its media assets in the near future. China's antitrust regulators, which launched a probe into the tech giant in December, are reportedly concerned about its stakes in various print, broadcast, digital, and social media platforms, as well as its potential influence over those outlets.
Alibaba's media subsidiaries include streaming video platform Youku Tudou, film production unit Alibaba Pictures, the video game publisher Lingxi Games, and UCWeb -- a software subsidiary that develops a mobile browser, an online search engine, and a news app. It discontinued its streaming music service, Xiami, earlier this month following years of lackluster growth.
Image source: Alibaba.
Source Fool.com
