Nilesh Goswami

According to The Guardian, Beijing has ordered e-commerce company Alibaba to sell off media assets including Hong Kong’s South China Morning Post (SCMP) in an attempt to crack down on the growing public influence held by the country’s influential tech empires. Alibaba has become the center of this crackdown after founder Jack Ma, one of China’s [&hellip;]

2021

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China wants Jack Ma’s Alibaba to Shed Media Assets

Alibaba and Ant Group founder Jack Ma has lost the title of China&#8217;s richest man, according to a Shanghai-based Hurun report. This news comes at a time when his empire has been put under heavy scrutiny by Chinese regulators because Ma criticized them in October last year. According to Reuters, Ma and his family had [&hellip;]

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Jack Ma is not China’s Richest Man Anymore. Here’s Why

According to Bloomberg, the Chinese state media on Tuesday published a list of its pioneering tech giants, but one name was surprisingly missing – Jack Ma. More telling was its commentary on the Alibaba’s co-founder archrival Pony M, who the Shanghai Securities News hailed for “rewriting the mobile age”. Beijing’s official newspaper ran the brief [&hellip;]