Alibaba exploring selling 30% stake in Weibo to Chinese state firm: Sources

December 30, 2021 7:57 AM

BEIJING (BLOOMBERG) – Alibaba Group Holding is in talks with a state-owned conglomerate about a potential deal involving its stake in Weibo, as Beijing moves to curb the influence of China’s tech giants in the sensitive media sphere.

Source : https://www.straitstimes.com/business/companies-markets/alibaba-exploring-selling-30-stake-in-weibo-to-chinese-state-firm-sources