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China strengthens government presence in Alibaba, private giants



(Bloomberg) – The government of one of China's top technology hubs is sending employees to 100 local corporations, including e-commerce giant Alibaba Group Holding Ltd., as recent efforts to exert greater influence over the mass private sector in the country. [1

9659002] Hangzhou, in the eastern province of Zhejiang, appoints government officials to facilitate communication and speed up projects, city government reported on its website. Chinese beverage giant Hangzhou Wahaha Group Co. and the automaker Zhejiang Geely Holding Group Co. are among other companies based in the prosperous region that are segregated, according to state media reports.

"We understand this initiative by Hangzhou City Government to promote a better business environment in support of Hangzhou-based businesses. The government representative will function as a bridge to the private sector and will not interfere with the company's operations, "Alibaba said in a text statement. Representatives from Wahaha and Geely did not immediately respond to requests for comment.

The Hangzhou government stated that the initiative was aimed at smoothing workflows between officials and Chinese high-tech companies and manufacturers. But this move could also be seen as an effort to maintain sections of the non-state sector, which is gaining success as a major driver of the world's No. 2 economy. Representatives of the public security system in the country are already embedded in China's largest Internet companies responsible for crime prevention and fraud.

Read more: China's latest obsession with tech moguls: Red tourism legitimizing capitalism, the level of state influence was never intended to disappear. Sometimes private entrepreneurs forget about it and are reminded of it. "

Zhejiang is considered to be the cradle of the modern Chinese private enterprise, home for generations. the ill-made billionaires of founder Jack Ma and Jillie from Alibaba Li Shufu to Zong Qinhu of Wahah.The Communist Party accepted the so-called "red capitalists" or private entrepreneurs in the party in 2001, which allowed them to become part of the country's legislature

However, relations between Beijing and prominent businessmen remain sensitive, It has been seen that the government is trying to strengthen its formal presence in non-state-owned companies, by requiring, among other things, private equity firms and to create and maintain branch of the party. It was not clear if the 100 Zhejiang-based companies include foreign companies.

Why Communist China is Home to So Many Billionaires: QuickTake

– with the assistance of Tian Yin and Rachel Chang.

To contact a reporter on this story: Lulu Yilun Chen in Hong Kong at ychen447@bloomberg.net

To contact the editors responsible for this story: Edwin Chan at echan273@bloomberg.net, Colum Murphy

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