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Letzte Aktualisierung: March 25, 2021

Beijing grabs Jack Ma's media holdings

After the authorities surprisingly canceled the IPO of Alibaba's financial subsidiary Ant Group, the group is threatened with further cuts. According to reports, Beijing wants Alibaba to drastically scale back its media holdings. The independence of the South China Morning Post is in danger.

When Alibaba acquired the Hong Kong newspaper South China Morning Post five years ago, the excitement in the Chinese special administrative region was great. The prevailing view among Hong Kong citizens and the foreign business community at the time was that Ma had taken over the long-established English-language newspaper primarily as a favor to Beijing.
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