China tightens media control with tiny stakes in two Alibaba units
Alibaba completed its acquisition of video platform operator Youku Tudou in 2016. Pictured here is an old version of the Youku logo. Sopa Images | Lightrocket | Getty Images BEIJING — State-backed entities have taken tiny stakes in parts of two Alibaba subsidiaries that oversee a video platform and web browser. News of the holdings in the last week raised concerns about Beijing's influence over the U.S.-listed e-commerce giant. However, the affected subsidiaries are just two of several units under the company's digital media and entertainment arm — an arm that accounts for 4% of Alibaba's revenue. related investing news Investors can boost income with this strategy, but should be aware of the risks Carmen Reinicke 8 hours ago Alibaba shares have gained slightly over the last five trading days. The state-backed stakes reflect a progression of government directives over the last decade to increase control of media in China. The so-called golden shares, or special managemen...