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China tech

China tech crackdown casts pall over June '618' shopping spree

Pinduoduo and Meituan stocks fall after disciplinary action by regulators

A Meituan delivery driver, right, in Shanghai in April. Meituan was cited last week for pressuring partner companies.   © AP

SHANGHAI -- China's antitrust watchdog has ramped up its crackdown on internet companies, raising concerns about Beijing's tightening grip on the tech sector ahead of a major online shopping bonanza held every June.

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