Alibaba and Tencent

Alibaba and Tencent Consider Opening Up Their ‘Walled Gardens’

Alibaba Group Holding Ltd. and Tencent Holdings Ltd. are considering moves to gradually open up their services to one another, as Beijing’s tech crackdown makes it harder for China’s two online giants to maintain the virtual barriers they have built-in recent years.

Alibaba Group Holding Ltd. and Tencent Holdings Ltd. are considering moves to gradually open up their services to one another, as Beijing’s tech crackdown makes it harder for China’s two online giants to maintain the virtual barriers they have built-in recent years.

That would mark a big shift for China’s consumer internet, which has largely split into two camps built around the arch-rivals. The restrictions mean, for example, that customers can’t use Tencent’s payment system to buy goods on an Alibaba platform. Now, both companies are separately working on plans to loosen those curbs, according to people familiar with the matter.

Read more: https://www.wsj.com/articles/alibaba-and-tencent-consider-opening-up-their-walled-gardens-11626259544

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