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by shalmanese
2255 days ago
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People outside of China have wildly unrealistic ideas about the true relationship between large Chinese tech companies and the government. https://www.ft.com/content/760142e6-740e-11ea-95fe-fcd274e92... is sadly paywalled but it's an excellent account of the actual negotiations that have been going on between Tencent, Alibaba and the many different bureaucratic layers of the Chinese government. |
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Obviously, the relationship is messy. But it's undoubtedly basic cronyism, and these companies succeed because they are the 'chosen ones' and their direct ties to government officials.