China has acquired minority stakes with special rights in two domestic units of Alibaba Group. Beijing is also set to allow Didi Global's ride-hailing and other apps back on domestic app stores as soon as next week, according to sources
'golden shares' in private online media and content companies for more than five years, and in recent years expanding such arrangements to companies with vast troves of data.
These golden shares, typically equal to about 1% of a firm, are bought by government-backed funds or companies which gain board representation and/or veto rights for key business decisions.
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