PRESS DIGEST - Wall Street Journal - March 16

PRESS DIGEST - Wall Street Journal - March 16

Today·2021-03-16 13:04

March 16 - The following are the top stories inthe Wall Street Journal. Reuters has not verified these storiesand does not vouch for their accuracy.

- The Chinese government has asked Alibaba Group Holding Ltdto dispose of its media assets, as officialsgrow more concerned about the technology giant's sway overpublic opinion in the country, according to people familiar withthe matter.

- American financial giant Vanguard Group has suspendedplans to launch a mutual-fund business in China. The firm toldstaffers in recent days that it was pausing months ofpreparations to sell its funds to Chinese consumers.


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