Monday, August 22, 2022

Once high-flying Chinese tech giants are now looking to scale back costs

Alibaba and Tencent have felt the effects of a Covid-induced economic slowdown in China which is hitting areas from consumer spending to advertising budgets.

from International: Top News And Analysis https://www.cnbc.com/2022/08/22/chinas-alibaba-and-tencent-focus-on-cost-cuts-amid-slowing-growth.html

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