Are Alibaba and Tencent Teaming Up to Fight Chinese Regulation?
July 19, 2021 at 05:00 AM EDT
China tech giants Alibaba Holding Ltd. (BABA) and Tencent Holding Ltd. are looking at individual concessions that would allow consumers to utilize the services in tandem, reports the Wall Street Journal. Recent crackdowns by China’s State Administration for Market Regulation saw Alibaba fined $2.8...