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Beijing's message is unmistakable: If Hainan can no longer thrive as a place for domestic shoppers to buy their perfume and handbags, it will have to become a place to process goods, attract overseas capital and experiment with a more open economic model.
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The voluntary program could affect nearly 9,000 workers as the company trims headcount, revamps pay, and redirects resources toward its massive AI infrastructure buildout.
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