Eleanor Alcott reports
Beijing recently pledged to support the country’s big tech companies over the next year, but investors are skeptical after a strong regulatory push tamed internet giants such as Alibaba and Tencent manner.
Last month, China’s top leaders pledged support for digital companies to “show their talents” in leading economic development at an annual policy meeting to set economic priorities for 2023, according to Chinese state media. The high-level meeting was held behind closed doors.
Two years of tough regulatory action appears to be…