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Chinese Tech Giants, Under Pressure From Regulation, Now Face Economic Drag

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China’s tech giants are feeling the pinch of an economic slowdown, adding financial pressure to an industry beset by a bevy of new regulations this year

Singles Day in China is the world’s largest annual shopping extravaganza. Its creator, the e-commerce giant Alibaba, is now exporting the event to the rest of the world as part of its push to challenge Amazon and others.

Photo: Geoffroy Van der Hasselt/Agence France-Presse/Getty Images

 

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