'Golden share' in Tencent arm signals China is stepping up control of tech sector

'Golden share' in Tencent arm signals China is stepping up control of tech sector

A logo of Tencent is seen during the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, November 23, 2020. REUTERS/Aly Song/file photo

The Chinese government has taken a “golden share” in a domestic subsidiary of tech giant Tencent Holdings, a company registration database showed, the latest sign of China stepping up its control over its tech sector.