REUTERS: According to a Wall Street Journal story published on Wednesday, China’s two internet titans, Alibaba Group Holding Ltd and Tencent Holdings Ltd, are considering progressively opening up their services to each other. It comes just days after China launched a crackdown on a number of foreign-listed technology companies, including Didi Chuxing, Tencent, and Alibaba.
According to the WSJ story, both Alibaba and Tencent are working on new initiatives separately to remove limitations, including adding Tencent’s WeChat Pay to Alibaba’s e-commerce marketplaces, Taobao and Tmall.
Alibaba did not react to a request for comment right away, while Tencent could not be reached.
(Bengaluru-based reporter Tiyashi Datta contributed to this report; Rashmi Aich edited it.)
Reuters is the source of this information./n
