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China Set to Ease Tech Crackdown to Boost Economy – SCMP

Alibaba Group, Tencent Holdings, Meituan and TikTok owner ByteDance have been invited to a government-sponsored symposium


China's regulators are due to meet with Alibaba Group, Tencent Holdings, Meituan and TikTok owner ByteDance at a government sponsored symposium. Photo: Reuters.

 

China is likely to ease its regulatory clampdown on the country’s technology sector and give internet platforms an opportunity to bolster the ailing economy, the Hong Kong-based South China Morning Post reported on Friday.

Alibaba Group Holding, which owns the Post, as well as Tencent Holdings, Meituan and TikTok owner ByteDance have been invited to a government-sponsored symposium, the paper said. A joint regulatory meeting is also set to take place.

Read the full report: South China Morning Post

 

 

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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