China might take stake in websites, apps in exchange for granting news licenses

China might take stake in websites, apps in exchange for granting news licenses

Photo: Reuters

China is considering taking board seats and stakes of at least 1 percent in operators of some Internet portals and mobile apps in exchange for granting news licenses, according to people familiar with the plan.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter