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In 50 Words: China may allow tech giants more freedom in startup investments
China is asking its largest tech firms, including Tencent and Meituan, for case studies of their successful startup investments in consumer, media, and telecom sectors. This suggests authorities might be ready to provide these companies with more freedom to back such deals, following a two-year clampdown. This could be a significant step towards reversing a crackdown that erased significant market value from the country’s tech giants.
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