Sources: Chinese regulators have told banks to back tech companies, but lenders still prefer stable cash flows and profitability over loss-making tech startups (Bloomberg)

Bloomberg: Sources: Chinese regulators have told banks to back tech companies, but lenders still prefer stable cash flows and profitability over loss-making tech startups — The strategy marks a break from Beijing's reliance on subsidies and state funding. — Even by the frothy standards of the AI era …