BEIJING :China on Wednesday sent another strong signal that a years-long crackdown on its tech industry is over as Premier Li Qiang met firms such as Alibaba's cloud unit and Meituan, and urged them to do more to support the economy. After listening to suggestions from firms that also included PDD Holdings' P
BEIJING :China on Wednesday sent another strong signal that a years-long crackdown on its tech industry is over as Premier Li Qiang met firms such as Alibaba's cloud unit and Meituan, and urged them to do more to support the economy.
The meeting comes after authorities signalled last week that a crackdown that began in late 2020 on the technology sector had ended with fines on Ant Group and Tencent. "We hope that the majority of platform enterprises will look forward with firm confidence ... continue to promote innovation and breakthroughs, better empower the real economy," Li said at Wednesday's meeting, according to state media.
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