Hong Kong CNN — Investors have raced back into Chinese tech stocks this year, encouraged by an apparent truce in a two-year battle between some of the country’s most powerful regulators and its biggest internet companies. But the enthusiasm may prove to be premature; Beijing is tightening its grip on household names such as Alibaba (BABA) by acquiring so-called “golden shares” that allow government officials to be directly involved in their businesses, including having a say in the content they provide to hundreds of millions of people. Earlier this month, a fund controlled by the Cyberspace Administration of China (CAC) took a 1% stake in Alibaba’s digital media subsidiary in Guangzho
Hence then, the article about china still wants to control big tech it s just pulling different strings was published today ( ) and is available onEGYPT INDEPENDENT ( Egypt ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( China still wants to control Big Tech. It’s just pulling different strings )