The government has accused a handful of companies of unfairly suppressing competition in their respective spheres: Tencent in social media via WeChat, Alibaba in e-commerce with Taobao and Tmall and, more recently, ByteDance in video via TikTok-cousin Douyin. The actions against Chinese companies have marked a dramatic escalation of the Trump administrations push back against Beijings rising tech prowess. Read more: Why China Is Cracking Down on Its Technology Giants: QuickTakeĬhina’s top technology regulator has warned internet firms to stop blocking links to rival services as part of a broader campaign to curb their growing monopoly power over data and protect consumers. Home » Tech » After TikTok and WeChat, Alibaba could be the next target in Trumps tech war - CNN. Earlier this month, Tencent allowed users of the WeChat social media app to link to rivals’ content for the first time in years, a major concession to regulatory pressure. The move comes after Beijing stepped up calls to free up the country’s internet arena, which has traditionally been dominated by ecosystems built around the twin giants. While WeChat Pay still isn’t available on the e-commerce leader’s flagship Taobao app, a representative for the business said it is “actively” working toward introducing multiple payment methods on its platform. Services including food-delivery app Ele.me, online ticketing platform Damai, e-book reader Shuqi and Kaola, a site for imported goods, now offer WeChat Pay alongside existing payment options like Ant Group Co.’s Alipay, according to checks by Bloomberg News on Tuesday.Īn Alibaba representative confirmed the news, adding the company will continue to find common ground with peers to better serve consumers. Wall Street Titans Warn of the Next Big Risks for InvestorsĪn Unapologetic Old Boys’ Network Is Costing Australia Billions This Is What Europe’s Green Future Looks Like Reshaped by Crisis, an ‘Anti-Biennial’ Reimagines Chicago

added rival Tencent Holdings Ltd.’s payment system to some of its apps, further widening cracks in the internet giants’ walled-off ecosystems.Ĭhristmas at Risk as Supply Chain ‘Disaster’ Only Gets Worse

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