Alibaba (BABA) shares rose in premarket trading on Friday even as it was reported that the Chinese government had acquired so-called "golden shares" in two of its units.
BEIJING, China (Reuters) -China has acquired minority stakes with special rights in two domestic units of tech giant Alibaba Group Holding Ltd, business registration records showed, as Beijing extends a campaign to strengthen control over
China acquires golden shares in two Alibaba units – The Frontier Post thefrontierpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thefrontierpost.com Daily Mail and Mail on Sunday newspapers.