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GenZedong · 2 years 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.

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GenZedong · 2 years 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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2 years ago
I don’t think China gives a shit what US thinks at this point. Their primary concern is to ensure that these megacorps are kept on a tight leash.

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