Balanced News: After a more than $1 trillion rout, Beijing appears to be warming to Chinese tech giants

Following a $1 trillion rout, Beijing appears to be warming to Chinese tech giants, with the government seeming to be softening its stance towards internet titans like Alibaba. This could be positive for Chinese tech stocks, as the regulatory crackdown which wiped off more than a combined $1 trillion from the country’s biggest companies appears to be ending. There are also signs that the central government is welcoming foreign business, with executives from Apple and Qualcomm recently visiting China. Despite this optimism, there are still concerns about the fate of other tech giants in China.