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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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小莱卡
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24•1 year ago
A gacha where the profits go to the CPC would be fucking hilarious.
- @PolandIsAStateOfMind
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  23•1 year ago
  “Every box you buy goes into weapons for PLA!”
- Sankavara Gardens
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  20•1 year ago
  Cmon comrades, just one more Genshin skin!

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