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Alibaba Group Holding seeks to exit media firm after Beijing's scrutiny

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.

Topics
Alibaba Group | Chinese firms | Beijing

Bloomberg 



The logo of Alibaba Group is seen at the company's headquarters in Hangzhou, Zhejiang province, China
The logo of Alibaba Group is seen at the company's headquarters in Hangzhou, Zhejiang province, China

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.

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First Published: Sat, September 25 2021. 02:43 IST

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