China is taking small stakes in tech firms to tighten control over them

China is taking small stakes in tech firms in an effort to have tighter control over them, according to the Financial Times. On Friday, Reuters offered a brief recap of the story, which focused on its aspects. In recent years, Beijing has invested in non-public online media companies—typically about 1% of a firm—in order to obtain these golden shares. These golden shares give government-backed funds or corporations access to the boardroom and the ability to decide on key business decisions.