Beijing wiped out billions. Now it wants AI investment.
A draft commentary in the Communist Party's Qiushi journal signals a major policy shift.
The message targets Alibaba, Meituan, and PDD Holdings directly.
Platforms are told to stop the price wars and invest in AI and cloud.
Alibaba alone was fined $2.8B in 2021, during a crackdown that erased hundreds of billions.
DeepSeek cut its V4 Pro pricing 75% this week, undercutting every Western model.
Read more:
#AIinvestment #techpolicy #Chinaeconomy #Alibaba #Meituan
A draft commentary in the Communist Party's Qiushi journal signals a major policy shift.
The message targets Alibaba, Meituan, and PDD Holdings directly.
Platforms are told to stop the price wars and invest in AI and cloud.
Alibaba alone was fined $2.8B in 2021, during a crackdown that erased hundreds of billions.
DeepSeek cut its V4 Pro pricing 75% this week, undercutting every Western model.
Read more:
#AIinvestment #techpolicy #Chinaeconomy #Alibaba #Meituan
Shared byBlair Lopez - 2 days ago
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