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China’s Government Asks Alibaba to Sell Media Outlets

By Martin Peers
· · Source: The Wall Street Journal

The Chinese government asked Alibaba to sell its media assets, which include the Twitter-like Weibo platform, the South China Morning Post and other Chinese news outlets, the Wall Street Journal reported. The request is the latest sign of how Alibaba founder Jack Ma has upset the Chinese government. Last fall, his outspoken criticisms about China’s financial system prompted regulators to...

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By Alex Heath · April 16, 2021 6:20 PM PDT
Dion Foxworth, co-host of the “Stock Market Moves” show, uses the Clubhouse app. Photo:Bloomberg
Andreessen Horowitz is valuing the social media app Clubhouse at $4 billion in a round of financing with new investors DST Global and Tiger Global Management, according to a person familiar with the matter. The round triples Clubhouse’s valuation from January, in a deal Andreessen Horowitz also led, and comes as rivals Twitter and Spotify roll out their own audio chat features. It...
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