China has purchased 'golden shares', or minority stakes with special rights, in two of Alibaba's domestic units. Golden shares grant government-backed funds or companies board representation and/or veto rights for key business decisions. Beijing is looking to extend a campaign to strengthen control over online content, and Alibaba has been one of the most prominent ta...
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Tuesday, January 17, 2023
China Acquires 'Golden Shares' in Two Alibaba Units in Bid to Strengthen Control Over Online Content
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