Jack Ma, founder and chairman of e-commerce giant Alibaba Group, which owns the South China Morning Post. Photo: AFP

China nudges top tech firms from Tencent to Alibaba to give new life to struggling state giants

  • Hao Peng, Communist Party boss of the State-owned Assets Supervision and Administration Commission, hopes the move will lead to mutually beneficial results
  • But analysts are still waiting to see if state-owned enterprises can genuinely benefit from investment by leading digital companies
Topic |   China economy

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Jack Ma, founder and chairman of e-commerce giant Alibaba Group, which owns the South China Morning Post. Photo: AFP
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