Alibaba Group Holding Limited (NYSE:BABA) is seeking to sell its entire stake in a local television network after the Chinese government's scrutiny over media and the technology industry intensified. An Alibaba investment arm plans to sell its 5.01% stake in Mango Excellent Media Co., Ltd. (SZSE:300413), a TV shopping and entertainment network based in the central province of Hunan, Mango said in a filing late Thursday. The e-commerce giant, which made the purchase only nine months ago, is seeking a waiver from a one-year lock-up agreement, the filing showed.

An Alibaba representative couldn't be immediately reached for comment.