{"id":203601,"date":"2021-03-16T18:47:26","date_gmt":"2021-03-16T15:47:26","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/china-asks-alibaba-to-sell-off-media-assets-report\/"},"modified":"2021-03-16T18:47:26","modified_gmt":"2021-03-16T15:47:26","slug":"china-asks-alibaba-to-sell-off-media-assets-report","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/china-asks-alibaba-to-sell-off-media-assets-report\/","title":{"rendered":"#China asks Alibaba to sell off media assets: report"},"content":{"rendered":"

“#China asks Alibaba to sell off media<\/a> assets: report<\/strong>”
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China\u2019s government has asked Jack Ma\u2019s Alibaba Group to shed its media assets as officials there grow increasingly concerned about the tech giant\u2019s impact on public opinion in the country, according to a new report. <\/p>\n

Talks started earlier this year after Chinese regulators reviewed a list of media properties owned by Alibaba, according to a report in the The Wall Street Journal. <\/p>\n

Officials were upset by how large the online retailer\u2019s media business had become and asked the company to come up with a strategy to reduce its holdings, WSJ said, citing anonymous sources. <\/p>\n

Ma\u2019s Alibaba has a vast portfolio of media assets that span print, broadcast, digital, social media and advertising. The total value of Alibaba\u2019s media assets couldn\u2019t be obtained but holdings in publicly listed companies had a combined market value of more than $8 billion, according to a Wall Street Journal tally. <\/p>\n

The company\u2019s best known media assets include holdings in Weibo, the Twitter-like platform, as well as English-language news<\/a>paper South China Morning Post. The assets are considered a threat because they pose a potential challenge to the Chinese Communist Party and its own powerful propaganda machine.<\/p>\n

The government officials didn\u2019t specify which media assets would need to be dropped and it\u2019s not clear whether Alibaba would need to sell all of its media assets, but any plan will need app<\/a>roval from China\u2019s senior leadership, the report said. <\/p>\n

Officials are also reportedly eyeing Alibaba\u2019s entertainment division, which consists of Hong Kong-listed Alibaba Pictures Group and Youku Tudou, one of China\u2019s largest video-streaming platforms. Although sources told WSJ that an outright divestiture of the entertainment portfolio might not be necessary.<\/p>\n

Alibaba did not immediately respond to requests for comment, but told The Journal: \u201cThe purpose of our investments in these companies is to provide technology<\/a> support for their business upgrade and drive commercial synergies with our core commerce businesses. We do not intervene or get involved in the companies\u2019 day-to-day operations or editorial decisions.\u201d<\/p>\n

The asset-disposal talks are also the latest in a series<\/a> of run-ins between Beijing and its billionaire founder Ma \u2014 once China\u2019s most celebrated business leader. <\/p>\n

The clashes started after Ma gave a speech on Oct. 24\u00a0blasting China\u2019s regulatory system. Days later the same regulators\u00a0suspended his Ant Group\u2019s $37 billion initial public offering\u00a0ahead of the fintech giant\u2019s big listing day.<\/p>\n

Recently, Ant Group has agreed on a restructuring plan with Chinese regulators. <\/p>\n

Chinese regulators have also launched an antitrust investigation into Alibaba\u2019s business practices, in which the company requires merchants to sign exclusive agreements barring them from selling products on rival e-commerce platforms.\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#China asks Alibaba to sell off media assets: report” China\u2019s government has asked Jack Ma\u2019s Alibaba Group to shed its media assets as officials there grow increasingly concerned about the tech giant\u2019s impact on public opinion in the country, according to a new report. Talks started earlier this year after Chinese regulators reviewed a list…<\/p>\n","protected":false},"author":1,"featured_media":203602,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/03\/Jack_Ma.1.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[97923,76474,4973,70358,76475,39572],"class_list":["post-203601","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-3-16-21","tag-alibaba","tag-china","tag-investigations","tag-jack-ma","tag-monopoly"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/203601","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=203601"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/203601\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/203602"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=203601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=203601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=203601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}