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Report: Beijing asks Alibaba to shed media assets

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China’s government asked Alibaba Group Holding Ltd. to sell off its media assets, people familiar with the matter told The Wall Street Journal.

Government officials in Beijing reportedly are concerned about the technology corporation's sway of public opinion.

Alibaba's media assets include a $3.5 billion stake in microblogging website owner Weibo Corp. and a nearly $2.6 billion stake in video platform operator Bilibili Inc.

Read more from The Wall Street Journal.

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