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

Beijing’s regulatory crackdown on the Chinese tech sector began in late 2020, wiping off more than a combined $1 trillion from the country’s biggest companies.

There are now signs that the central government is softening its stance towards internet titans like Alibaba, in a move that could prove positive for Chinese tech stocks.

“The regulatory headwinds that we had in the past two years … that’s now becoming from a headwind to a tailwind,”…