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China is cracking down on data privacy. That's terrible news for some of its biggest tech companies

China spent months clipping the wings of some of its tech champions over concerns that they were crowding out the competition. Now Beijing is seizing on data privacy as the next step in a sweeping campaign that threatens to cut companies off from global investment.

source https://www.cnn.com/2021/07/07/tech/china-didi-data-tech-crackdown-intl-hnk/index.html
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