By Shawn Lim

Alibaba has been told by the Chinese government to give up its media properties over fears that the e-commerce giant has become too influential.

The list of media properties that Alibaba owns and has stake in include The South China Morning Post newspaper, social media platform Weibo, video streaming platform Youku Tudou, movie production house Alibaba Pictures and Focus Media, China’s largest offline advertising network.

Why is this happening now?

• The Chinese government took a close look at Alibaba’s media properties and were surprised at how much reach Alibaba has gained through its media business, according to The Wall Street Journal. It has Read full story ›

  Source: The Drum