China’s government to take golden shares in Alibaba, Tencent
Signs are growing that Xi Jinping’s administration, keen to revive the world’s No. 2 economy, is reversing course on campaigns against gaming addiction and preparing to unfetter firms such as Alibaba that drew government scrutiny. Chinese state organs have for years invested billions of dollars into high-profile private firms startups from Didi to Jack Ma’s Ant Group Co.
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