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Sources: Chinese regulators have told banks to back tech companies, but lenders still prefer stable cash flows and profitability over loss-making tech startups (Bloomberg)

The strategy marks a break from Beijing's reliance on subsidies and state funding. — Even by the frothy standards of the AI era …

We haven't written up this one. Techmeme has the full story — the link below goes straight to it.

Also reported by 1 other outlet

Read the original at bloomberg.com →

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