China wooing tech investments again after crackdown cost companies $1T

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

China's tech crackdown cost over $1 trillion. But the economy is in such deep trouble that the country's cozying up to its tech firms again.

on Alibaba founder Jack Ma and his companies after he criticized Beijing in an October 2020 speech.

The Chinese government's opportune interest in its homegrown tech companies comes just as its economy — the world's second-largest — struggles to recover from three years of on-off COVID-19 lockdowns.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines