WSJ report: China wants Jack Ma to sell media assets

Beijing has asked Alibaba Group Holding Ltd, founded by Chinese tycoon Jack Ma, to dispose of its media assets, according to a report in the Wall Street Journal (WSJ). - AFP

KUALA LUMPUR, March 16 (The Star/ANN): Beijing has asked Alibaba Group Holding Ltd, founded by Chinese tycoon Jack Ma, to dispose of its media assets, according to a report in the Wall Street Journal (WSJ).

Alibaba controls a vast array of media assets in print, broadcast, digital, social media and advertising. It has major stakes in Weibo and the South China Morning Post.