Alibaba and Tencent, China’s tech titans and fierce rivals, are mulling opening up their platforms to each other, The Wall Street Journal reported. The potential move comes amid pressure from China’s antitrust authorities who have been reigning in the country’s powerful tech companies. The two already allow some limited use of each other’s platforms, but what’s being discussed would mean...
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Opinion Asia Policy
China’s Tech Crackdown Is a Geopolitical Play
It hardly bears repeating that 2021 was a rough year for China’s platform companies. The firehose of new regulations and rolling crackdowns on everything from data security to overseas listings cost Chinese shares—including those of Didi, Meituan, Pinduoduo, JD.com, Tencent, and ByteDance—42% of their cumulative value in the U.S. and Hong Kong. Not so long ago, China held up...
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