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In business and finance, a golden share is a type of share of stock that lets its owner outvote all other shareholders in certain circumstances. Golden shares often belong to the government when a government-owned company is undergoing the process of privatization and transformation into a stock -company.
China's government has a "golden share" in ByteDance, which several members of Congress have said gives the government power over Tiktok. Under one scenario, Musk's social media platform X would ...
The Chinese government has taken a "golden share" in a domestic subsidiary of tech giant Tencent Holdings, a company registration database showed, the latest sign of China stepping up its control ...
In China, there is a different version of TikTok: a sister app called Douyin. ... Chew has admitted that the “golden share” exists. But he said it was for the purpose of internet licensing for ...
In 2021, the state-owned China Internet Investment Fund purchased a 1% stake in ByteDance's main Chinese subsidiary, Beijing ByteDance Technology (formerly Beijing Douyin Information Service), as a golden share investment [40] [41] [42] and seated Wu Shugang, a government official with a background in government propaganda, as one of the ...
The Golden Shield Project (Chinese: 金盾 工程; pinyin: jīndùn gōngchéng), also named National Public Security Work Informational Project, [a] is the Chinese nationwide network-security fundamental constructional project by the e-government of the People's Republic of China. This project includes a security management information system ...
In China, so-called golden shares held by official investment funds are one way for Beijing to gain more oversight over business by giving them a 1% stake in companies.
Zhao Wei was born in Heilongjiang or Liaoning, China on 16 September 1952. [7] He began as a timber trader before moving, in the 1990s, to Macau, where he holds permanent residency, and began investing in casinos. In 2001, Zhao Wei moved to Mong La, Myanmar where he founded his first casino franchise, Landun Entertainment.