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Breaking up ‘big tech’ a big ask, says Magellan boss – Sydney Morning Herald

Magellan Financial Group boss Hamish Douglass says excessive regulation of the US tech titans could boost China’s hopes of dominating the global technology race.

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Tensions between western governments and China have escalated in recent months over matters including the imposition of national security laws in Hong Kong and the rejection of its flagship telecommunications provider Huawei from 5G networks around the world. Earlier this month US Secretary of State Mike Pompeo said he was looking at banning Chinese social media app TikTok over data and national security concerns.
But there has also been a groundswell of support for greater regulation of the te…

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