Alibaba—State-backed entities took 'golden shares' in subsidiaries giving government veto power over content decisions
In January 2023, state-backed entities took stakes in two Alibaba subsidiaries overseeing a video platform and web browser. The 'golden shares' allow state-backed entity to install board member with veto rights over content review processes. Alibaba confirmed a state-owned multimedia entity has the right to appoint a director with veto power over content decisions. Cyberspace Administration of China requires elaborate AI model reviews.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| Authoritarian Compliance | +toward | primary | -1.00 |
| Corporate Governance | -against | secondary | -0.50 |
| Overall incident score = | -0.107 | ||
Score = avg(topic contributions) × significance (medium ×1) × confidence (0.57)× agency (compelled ×0.25)
Evidence (1 signal)
State entities took stakes in Alibaba subsidiaries with board veto rights
State-backed entities took stakes in two Alibaba subsidiaries in January 2023. The 'golden shares' allow state entity to appoint director with veto rights over content review processes. Alibaba confirmed state-owned multimedia entity has veto power over content decisions.