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Chinese e-commerce giant Alibaba is betting on the artificial intelligence "assistant" of startup Connectly.ai, as, together with other international investors, it has invested $20 million dollars in the company of Stefanos Loukakos and Yandong Liu.

China on Friday announced new plans to restrict the online gaming industry, sending shares in tech giants including Tencent tumbling and wiping tens of billions of dollars off their value.

New draft restrictions published online by the regulator are aimed at limiting in-game purchases and compulsive playing behaviour.