Search

Alibaba Seeks to Exit Media Firm After Beijing's Scrutiny - Bloomberg

panggilansaja.blogspot.com

Alibaba Group Holding Ltd. is seeking to sell its entire stake in a local television network after the Chinese government’s scrutiny over media and the technology industry intensified.  

An Alibaba investment arm plans to sell its 5.01% stake in Mango Excellent Media Co., a TV shopping and entertainment network based in the central province of Hunan, Mango said in a filing late Thursday. The e-commerce giant, which made the purchase only nine months ago, is seeking a waiver from a one-year lock-up agreement, the filing showed. 

Adblock test (Why?)



"Exit" - Google News
September 24, 2021 at 09:01AM
https://ift.tt/2XGf65i

Alibaba Seeks to Exit Media Firm After Beijing's Scrutiny - Bloomberg
"Exit" - Google News
https://ift.tt/2zNkU0N
https://ift.tt/2YrnuUx

Bagikan Berita Ini

0 Response to "Alibaba Seeks to Exit Media Firm After Beijing's Scrutiny - Bloomberg"

Post a Comment

Powered by Blogger.