China's coastal province of Zhejiang, home to e-commerce giant Alibaba, has pledged more than US$17bil (RM71bil) to drive the tech industry and innovation in the coming five years, the state news agency Xinhua reported.
The plan comes at a time when central and local governments around China are taking increasing steps to boost the struggling private sector and enhance the competitiveness of the country's homegrown technology firms.
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