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GenZedong • 1 year ago

China's government is buying Alibaba and Tencent shares that give the Communist Party special rights over certain business decisions. Not quite nationalization, but moving in the right direction.

cross-posted to:
china@lemmy.ml

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China's government is buying Alibaba and Tencent shares that give the Communist Party special rights over certain business decisions. Not quite nationalization, but moving in the right direction.

☆ Yσɠƚԋσʂ ☆ to

GenZedong • 1 year ago

cross-posted to:
china@lemmy.ml

China's government is buying Alibaba and Tencent shares that give the Communist Party special rights over certain business decisions, report says

The stakes usually involve a 1% holding and are known as "special management shares," according to the Financial Times.

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1 year ago
Cool. Curious to see how it pans out. News and examples like this are useful for parties elsewhere in the world.

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