As the US mulls a digital trade agreement to counter China, it faces a key problem: Many countries in Asia don’t want to join any deal seen as challenging Beijing, whose tech giants are deeply entrenched in the region. China’s largest corporations like Alibaba Group Holding Ltd. and Tencent Holdings Ltd. have in recent years led a wave of investment into Southeast Asia, which has more than half a billion people rapidly migrating online. Governments in the region have largely resisted US calls in recent years to avoid Huawei Technologies Co. for 5G networks even as they look to America…
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