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GenZedong@lemmygrad.ml · 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.

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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@lemmygrad.ml · 2 years ago

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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