U.S. Markets closed

China’s government wants a stake in tech giants

China wants to play a major role in the tech industry. The country wants to have a direct stake in Tencent, Weibo, and a unit of Alibaba. Government regulators would have a say on crucial decisions in each company. Yahoo Finance’s Alexis Christoforous and Editor-in-Chief Andy Serwer figure out how this may hinder innovation.