China tightens media command with very small stakes in two Alibaba models

Important Points

Govt-backed stakes in two Alibaba subsidiaries largely influence the firm’s video clip platform and net browser enterprise.
The two subsidiaries both of those tumble underneath Alibaba’s amusement and culture arm, which accounts for 4% of in general earnings.
Along with media, finance and power are the two other industries that Beijing is inclined to control, reported Liqian Ren, chief of quantitative investment at WisdomTree.

Source

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