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China tells Alibaba, Tencent to open platforms to each other

NS

Reuters API

Published



September 13, 2021

China’s Ministry of Industry told technology companies, including: Alibaba Group Ltd and Tencent 21st Century Business Herald said on Saturday that Holdings would stop blocking each other’s website links from the platform.

The move is the latest in crackdowns on regulations across industries, from tech companies to entertainment and gaming companies-Reuters.

Citing an unnamed source, the newspaper said on Friday that the Ministry of Industry and Information Technology proposed to companies standards for instant messaging services that all platforms must be unblocked by a certain time.

According to the newspaper, the ministry may need to resort to other measures if companies do not comply.

The move is the latest in crackdowns on regulations across industries, from tech companies to entertainment and gaming companies.

Companies attending the conference include Alibaba, Tencent, ByteDance, Baidu Inc, Huawei Technologies Co, and Xiaomi Corporation, the newspaper said. Both companies did not immediately respond to requests for comment.

China’s Internet has historically been dominated by a small number of tech giants who have historically blocked rivals’ links and services on the platform, creating what analysts describe as a “walled garden.” increase.

Regulators in recent months have cracked down on companies accusing them of building monopolies and limiting consumer choice.

In July, the Wall Street Journal reported that Alibaba and Tencent are gradually considering opening up their services to each other, including introducing Tencent’s WeChat Pay to Alibaba. Taobao When Tmall E-commerce marketplace.

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China tells Alibaba, Tencent to open platforms to each other

Source link China tells Alibaba, Tencent to open platforms to each other

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