Chinese Government Buys Shares in Alibaba, Tencent, and TikTok Owner ByteDance
China’s government is buying shares in Alibaba, ByteDance, Tencent, and other tech companies to give the CCP special rights over certain business decisions. The Chinese government is buying shares, usually a 1% holding in a vital area, in tech companies like Alibaba, ByteDance, and Tencent to be more deeply involved in their businesses…
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