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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Karen Yeung

Karen Yeung

Karen Yeung joined the Post in 2017 after more than 15 years' experience on global newswires in Hong Kong and Shanghai. She spent eight years in Shanghai and has received awards for best feature, analysis and agenda-setting.