You may recall the canning of Jack Ma’s Ant IPO after ran foul of China’s leaders.
I suspect he’ll be much more quickly cooperative this time around. The Wall Street Journal report:
- China’s government has asked Alibaba to dispose of its media assets … according to people familiar with the matter
- Alibaba’s media presence is seen as posing serious challenges to the Chinese Communist Party and its own powerful propaganda apparatus, the people said.
Alibaba was founded by Jack Ma