A Chinese state-owned broadcaster recently took an equity stake in the domestic business of , one of the country’s most popular video apps.
They also appeared to gain a seat on the board of that business, according to corporate records.
Beijing’s actions involving suggests the government’s years long regulatory crackdown on tech and media isn’t taking a backseat to efforts to solve worsening economic challenges.
It’s the latest move by ’s government to exert more control over domestic internet content providers.
It resembles previous acquisitions of stakes in the Chinese businesses of , ’s parent, and , the country’s equivalent of .
The question China interference in tech co oanies is a hot potato in the West
This news is unlikely to ease concerns that the CCP has a hand on the algorithms and data if platforms like