Beijing pressures Alibaba into liquidating media shares at 2.3 billion yuan loss

China 09/28/21, 20:22

A communist dictatorship forced a multinational e-commerce company into making a very unprofitable transaction on Sept. 23. The Chinese Communist Party (CCP) allegedly pressured Alibaba Group into disposing its shares in Mango Excellent Media (MEM), swiftly ending the company's first class-A shareholding. "[MEM received] a letter of recommendation on a request to ...

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