The logo of Alibaba Group is seen at its office in Beijing, China in 2021. Photo: Reuters
The logo of Alibaba Group is seen at its office in Beijing, China in 2021. Photo: Reuters
Alibaba

China’s government to take ‘golden shares’ in Alibaba, Tencent to ensure influence over internet giants

  • An arm of the Cyberspace Administration took 1 per cent of an Alibaba subsidiary in Guangzhou on January 4, according to corporate database Qichacha
  • Discussions are underway about a similar stake in a Tencent subsidiary, a person familiar with the matter said

The logo of Alibaba Group is seen at its office in Beijing, China in 2021. Photo: Reuters
The logo of Alibaba Group is seen at its office in Beijing, China in 2021. Photo: Reuters
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