The “golden shares” are normally a one percent stake and include the ability to vote on business decisions
The Chinese government is poised to take shares in conglomerate Tencent.
As reported by the Financial Times, the “golden shares” are business operations that allow regulators to be involved in tech firms.
They are usually one percent of a company and come with the ability to vote on crucial business decisions.
Sources familiar with the matter said that the stake would be in one of Tencent’s main China divisions.
The Financial Times described the golden shares as a larger effort to oversee tech giants within the country.
Currently, it’s unclear how this will affect Tencent’s gaming business.
The news comes three weeks after the business firm purchased a 20% stake in Korean game developer Shift Up.
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