China Acquires ‘Golden Shares’ in Two Alibaba Units in Bid to Strengthen Control Over Online Content

China Acquires ‘Golden Shares’ in Two Alibaba Units in Bid to Strengthen Control Over Online Content

China has acquired minority stakes with special rights in two domestic units of tech giant Alibaba Group Holding Limited, business registration records showed, as Beijing extends a campaign to strengthen control over online content. Beijing has been taking ‘golden shares’ in private online media and content companies for more than…