SHANGHAI (Reuters) – An investment arm of Chinese e-commerce giant Alibaba (NYSE:) Group Holding Ltd, targeted in a regulatory crackdown, will divest its entire stake of 5.01% in broadcaster Mango Excellent Media Co Ltd, the media firm said.

As Chinese authorities crack down on big tech companies, the sale takes place less than a full year after December’s investment.

Alibaba is a key target. It was fined $2.75 Billion for its anti-competitive actions.

The media company filed a Thursday filing with the stock exchange stating that Alibaba’s investment arm will seek to waive the one-year lockup it had committed when it invested.

Mango Excellent Media shares have dropped by around 40% since then. Based in China’s west province of Hunan the firm produces television and Internet content, as well as a division for shopping.

Alibaba didn’t respond to our request for comment.

Alibaba’s stock prices have fallen nearly half since Oct. last year when Ant Group, its financial affiliate stopped plans to make it public.

Alibaba is a significant shareholder of Weibo Corp (NASDAQ:) Corp. Mango Excellent Media, China’s equivalent to Twitter (NYSE:), is just one example of several media-related investments.

The South China Morning Post in Hong Kong, the top English-language newspaper, is also owned by it.

Reuters reported in July that Weibo, a Shanghai-based state owned company, was discussing a private sale to make it easier for Alibaba to divest. Charles Chao the chairman of the company denied any such talks after the news.

Alibaba Pictures, a filmaking company, also owns shares in Weibo and other Chinese media.