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Chinese tech giants lose their shine as growth stagnates


Revenue growth is slowing at some of China’s biggest tech companies, undermining one of the sector’s main selling points for global investors.

After a sustained regulatory onslaught, the sector is facing powerful anti-pandemic measures, which threaten to further dampen consumer demand in the world’s second-largest economy. The challenges are fueling wider skepticism of Chinese stocks as technology makes up a large part of the offshore market.

wsj

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