Beijing fears e-commerce company has too much sway through platforms such as Twitter-like Weibo
Beijing has ordered e-commerce company Alibaba to sell off media assets including Hong Kong’s South
China Morning Post (SCMP) as the Chinese government looks to crack down on the growing public influence held by the country’s sprawling tech conglomerates.
Alibaba has become the lightning rod in the crackdown on big tech after founder Jack Ma, one of China’s most popular, outspoken and wealthiest entrepreneurs, delivered a blunt speech last year criticising national regulators that reportedly infuriated the president,
Xi Jinping.