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China tells Alibaba, Tencent to open platforms up to each other - media

Reuters2021-09-11

SHANGHAI, Sept 11 (Reuters) - China's industry ministry has told technology companies including Alibaba Group Ltd and Tencent Holdings Ltd to stop blocking each other's website links from their platforms, the 21st Century Business Herald said Saturday.

The newspaper, citing unnamed sources, said the Ministry of Industry and Information Technology proposed standards to companies on Friday for instant messaging services, telling them all platforms must be unblocked by a certain time.

The ministry said it may have to resort to other measures if the firms did not comply, the newspaper said.

Companies that attended the meeting included Alibaba, Tencent, ByteDance, Baidu Inc, Huawei Technologies Co and Xiaomi Corp, the newspaper said. The companies did not immediately respond to requests for comment.

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Comment(33)

  • ohmytiannn
    ·2021-09-20
    Great
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  • Kenny77
    ·2021-09-13
    Good news 
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  • Dinvester
    ·2021-09-13
    Finally 
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    • Kenny77: 
      Yes
      2021-09-13
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  • KamenR
    ·2021-09-13
    I sense a roadmap to deal with anti-competitive practices. I can’t envision how this might end but it is getting interesting over in China. 
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    • Kenny77: 
      Yes
      2021-09-13
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  • SPOT_ON
    ·2021-09-13
    ? 
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    • SPOT_ON: 
      ?
      2021-09-13
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    • Kenny77: 
      Good
      2021-09-13
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    • Chloess: 
      k
      2021-09-13
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  • BlueDaisy
    ·2021-09-12
    Good
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  • ChadT
    ·2021-09-12
    Oh haha
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  • keaty
    ·2021-09-12
    Common usage of apps...good for very user then
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    • LohYK: 
      that's the way to go
      2021-09-13
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  • Bryonie
    ·2021-09-12
    Good luck with your investment 
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  • Snakewood
    ·2021-09-12
    Should be neutral in long term as rules apply to all companies... cross exchange between platforms may result in gains for these companies as their customer base may actually expand
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    • Targarean: 
      Seems to be that way - neutral
      2021-09-13
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    • Abcdefgg: 
      Gd
      2021-09-12
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  • SSVC
    ·2021-09-12
    Hmm.. Appreciate your response and comments Thanks 
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  • Troytan
    ·2021-09-12
    Tell me your opinion about this news...
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    • MrTig3r: 
      power
      2021-09-12
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    • Jackosen: 
      if they dun have the talent n technology, how do they monopolies the market. Opening up does not mean every company can move up the standard
      2021-09-12
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  • robot1234
    ·2021-09-12
    China regulators are advocating and encouraging the tech sector to adopt a level playing field and non monopoly practice. Can expect some profit taking and volatility in the short term as firms adjust to the new operating practices. Good for long term growth under a healthier and stable environment.
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    • PearlynCSY: 
      China is learning from the weaknesses of the free market where the Rich and Powerful always have hugh advantages against the common folks
      2021-11-10
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  • RDPD富爸穷爸
    ·2021-09-12
    Great news, I see greater growth between these giants ??
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  • EY12
    ·2021-09-12
    Like
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    • EY12: 
      hi
      2021-09-12
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  • Fayna
    ·2021-09-12
    Giant Tech companies has to comply like ant workers to be great again.
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    • Andrewinho: 
      Up n strong!!! ???
      2021-09-13
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  • CYLiew
    ·2021-09-12
    Look like got hope
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  • Finree
    ·2021-09-12
    Wait a while to settle down then the company can back into their stock price action. Fundamentally they never change! 
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    • RDPD富爸穷爸: 
      Yup, ignore the short term volatility as they remain fundamentally good companies
      2021-09-12
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  • YunaTuna
    ·2021-09-12
    Okk
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