China still wants to control Big Tech. It’s just pulling different strings ...Egypt

Hong Kong CNN — Investors have raced back into Chinese tech stocks this year, encouraged by an apparent truce in a two-year battle between some of the country’s most powerful regulators and its biggest internet companies. But the enthusiasm may prove to be premature; Beijing is tightening its grip on household names such as Alibaba (BABA) by acquiring so-called “golden shares” that allow government officials to be directly involved in their businesses, including having a say in the content they provide to hundreds of millions of people. Earlier this month, a fund controlled by the Cyberspace Administration of China (CAC) took a 1% stake in Alibaba’s digital media subsidiary in Guangzho

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