Daily News – China's technology giant turns away from the US in the wake of escalating trade tens…

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Daily News – Chinas technology giant turns away from the US in the wake of escalating trade tensions

Alibaba founder Jack Ma. (AP Photo/Markus Schreiber) Tech companies based in China are said to be scaling back on their deal making in the U.S. as the trade war continues to escalate. Instead, they’re now looking to expand their investments in markets much closer to home. In recent years, both Alibaba and Tencent had committed billions of dollars in acquiring U.S.-based assets as they sought new growth opportunities outside of their own increasingly saturated home market. But now deals like thos…

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