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China's crackdown on Alibaba and other big tech firms will change industry in massive way

The Straits Times
China s crackdown on Alibaba and other big tech firms will change industry in massive way
There are concerns that companies like Alibaba could pose a challenge to existing systems through their monopoly of various sectors in China.PHOTO: AFP
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Путин ввел штрафы за цитирование СМИ - "иноагентов" без указания статуса

Путин ввел штрафы за цитирование СМИ - "иноагентов" без указания статуса
eizvestia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eizvestia.com Daily Mail and Mail on Sunday newspapers.

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China's Internet Antitrust Push Leads to Corporate Clashes

Hours after the Chinese government imposed a record $2.8 billion fine on Alibaba, a veteran internet entrepreneur urged regulators to do something similar to his company’s biggest competitor.
Douyin, TikTok’s Chinese sister service, is suing Tencent, China’s biggest internet company, to allow users to share videos to Tencent’s ubiquitous WeChat messaging service.
Alibaba, meanwhile, has applied to set up its own apps within WeChat, essentially daring Tencent to say no.
Lawsuits are flying and tempers are flaring on the Chinese internet, home to the world’s largest single group of internet users. Beijing made it abundantly clear late last year that it was serious about curbing the power of a handful of companies that dominate online life in China. Now China’s internet companies are kowtowing to Beijing and trying to make their rivals look bad instead of correcting their own anticompetitive behavior. ....

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China's Internet Antitrust Push Leads to Corporate Clashes

China's Internet Antitrust Push Leads to Corporate Clashes
nytimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nytimes.com Daily Mail and Mail on Sunday newspapers.

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Alibaba's launch of bargain marketplace Taobao Deals on Tencent's super app WeChat hits a snag, source says

Alibaba’s plan to launch Taobao Deals mini-program on WeChat makes little progress weeks after application. The e-commerce collaboration would have enabled Taobao Deals to accept transactions that use online payment service WeChat Pay. ....

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