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Kuaishou Expertise mentioned its quick time period income shall be affected by Beijing’s ongoing regulatory crackdown on the tech sector because the operator of China’s second largest quick video-sharing platform reported worse-than-expected losses of seven.04 billion yuan (US$1.1 billion) within the second quarter.The earnings outcomes come at a time when the corporate’s share worth has fallen to one-fifth of its peak in February amid a broader crash of Chinese language tech shares triggered by the tighter regulatory surroundings…
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