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  • Chill pervades China’s tech firms even as crackdown eases
    Technology News

    Chill pervades China’s tech firms even as crackdown eases

    February 4, 2023 /

    HONG KONG (AP) — A grinding crackdown that wiped billions of pounds of worth off Chinese technology businesses is easing, but the once-freewheeling field is bracing for considerably slower growth ahead. Analysts say China’s easing of limitations on companies like e-commerce giant Alibaba and on the net online games enterprise Tencent and speak of guidance for the non-public sector displays Beijing’s selection to refocus on expansion soon after the overall economy was ravaged by the pandemic and limits imposed to struggle COVID-19. But controls on web information r emain firmly in location. And the crackdown has remaining a “chilling” influence on the market, likely slowing innovation, whilst U.S. constraints versus…

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