China's government is buying Alibaba and Tencent shares that give the Communist Party special rights over certain business decisions, report says
news.yahoo.com
The stakes usually involve a 1% holding and are known as "special management shares," according to the Financial Times.
  • ComradeSalad@lemmygrad.ml
    21·
    2 years ago

    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.