Alibaba Discloses CCP State Ownership Holding ‘Golden Shares’ in More Than 12 Business Units

Chinese tech giant Alibaba disclosed in documents filed in the United States and Hong Kong over the weekend that part of its stakes in more than a dozen entities are held by Chinese state-owned enterprises or foreign sovereign wealth funds, in response to an inquiry from the U.S. Securities and Exchange Commission. The Chinese communist regime has wider control of Alibaba than previously known to the outside world, especially the “golden shares” held by the regime to control it and other private Chinese technology companies have drawn wide attention. Alibaba explained in a notice that the disclosures were made “in response to certain comments from the staff of the SEC” as an amendment to its earlier filing from July, according to Bloomberg....