By Lu Shu © CompassList

By Lu Shu © CompassList

Amid the crackdown on China’s tech giants, some investors are sussing out less risky sectors, while heavyweights like BlackRock and Fidelity stay in for the long haul

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In what has turned out to be a show of humility and contrition, China’s tech giants from Alibaba to Didi have been quick to concede when pulled up by regulators for an ever-growing list of transgressions in the recent months. Whether it’s about alleged anti-competitive practices, cybersecurity lapses or personal data abuse, all have shown remorse, acting promptly to comply or rectify their mistakes.
Underpinning the crackdown is the worry that China’s Big Tech is stifling competition and innovation, regulators say. In the last two decades, the country’s vast internet economy has been domina...

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