Alibaba Opens Up Apps to Support Rival’s Payment Service Under Beijing’s Scrutiny
Labels of digital payment (from top) VISA, WeChat Pay and Alipay are displayed outside a boutique at a shopping mall in Hong Kong, China, July 31, 2018. (Reuters/Bobby Yip).
China’s largest internet corporations are decimating their walled-off ecosystems amid Beijing tightening regulations on its tech giants. The latest instance came when Alibaba Group allowed rival Tencent’s payment system to be integrated with some of its apps this week.
