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.
All 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.
Nothing 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.
there'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.
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.