China government pushes for stake in local tech giants Tencent, Alibaba, others

Tencent Chairman and Chief Executive Officer Pony Ma Huateng attends a news conference announcing the company's results in Hong Kong, China March 17, 2016. REUTERS/Bobby Yip

The Chinese government is said to be pushing for a stake and a direct role in corporate decisions in a bid to keep a check on the rapidly-growing power of private technology firms.

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