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

China has purchased 'golden shares', or minority stakes with special rights, in two of Alibaba's domestic units. Golden shares grant government-backed funds or companies board representation and/or veto rights for key business decisions. Beijing is looking to extend a campaign to strengthen control over online content, and Alibaba has been one of the most prominent ta...