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China previously required Alibaba and other companies to accept government officials within their companies. https://www.ft.com/content/055a1864-ddd3-11e9-b112
by metabagel 6y ago
China previously required Alibaba and other companies to accept government officials within their companies.
https://www.ft.com/content/055a1864-ddd3-11e9-b112-9624ec9edc59 https://www.ft.com/content/055a1864-ddd3-11e9-b112-9624ec9ed...
Fraser Howie, author of "Red Capitalism", says that all Chinese corporations are either state owned enterprises or state overseen enterprises. It appears China may want to transition Alibaba from the latter to the former.
- chrischen 6y agoAll US companies are also either state owned (USPS), state overseen (regulated), or even state subsidized as well (Boeing). You can add state monitored (Telcos) in there as well.
- autokad 6y agothere's a difference between regulation and inserting officials throughout the organization. Also the US Postal Service doesn't trade as a company, as some similar run Chinese entities.
- metabagel 6y agoNot in the way that they are in China. In China, state overseen means there are government officials working within the company.
- chrischen 6y agoNothing is ever the exact same way elsewhere. Everything is along a continuum but and the differences are measured in degrees, but there is no fundamental difference.