Beijing takes ‘golden share’ in a Tencent subsidiary, records show

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. Wangtou Zhicheng, an entity controlled by the Chinese government, now owns a 1% stake in Shenzhen Yayue Technology after an investment of 600,000 yuan ($82,016.51), according to database Qichacha, which said the deal happened on Oc. Tencent, the world's largest video game company and the operator of the WeChat messaging platform, declined to comment.