☆ Yσɠƚԋσʂ ☆ to GenZedong • 1 year agoChina'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.news.yahoo.comexternal-linkmessage-square23arrow-up179arrow-down12cross-posted to: china@lemmy.ml
arrow-up177arrow-down1external-linkChina'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.news.yahoo.com☆ Yσɠƚԋσʂ ☆ to GenZedong • 1 year agomessage-square23cross-posted to: china@lemmy.ml
minus-square@ComradeSaladlink8•1 year agoTenCent is “too big to fail”, if the US were to sanction them, a massive portion of the American entertainment sphere would collapse. It would be economic, and political suicide for nothing but propaganda points.
TenCent is “too big to fail”, if the US were to sanction them, a massive portion of the American entertainment sphere would collapse. It would be economic, and political suicide for nothing but propaganda points.