China’s government is buying ‘golden shares’ in Alibaba and Tencent: Here’s what that means

The deals are a sign that Xi Jinping might soon relax a crackdown that has constrained China’s private companies. Xi Jinping’s government is set to acquire so-called golden shares in Chinese internet giants Alibaba and Tencent, opening the door for the Chinese Communist Party (CCP) to establish leverage inside two major players in the global internet arena. Read Full Story...