Investors are piling into Chinese chip, software and biotech groups at a record pace while paring their bets on ecommerce, as they try to align with Beijing’s policy priorities and sidestep a broadening regulatory crackdown.
Chinese president Xi Jinping has led a regulatory assault on internet platforms this year, hitting those in food delivery, ecommerce, fintech, gaming and education.
But the Chinese Communist party’s desire to advance technologies such as high-end manufacturing has boosted other companies.
您已阅读15%（512字），剩余85%（2993字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。