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China tech

Alibaba buries hatchet with Tencent as regulatory walls close in

Antitrust pressure and murky outlook loom heavy over China's e-commerce king

Despite holding a dominant position in China's e-commerce market, Alibaba Group Holding has struggled to gain traction in new business fields like cloud services.   © Kyodo

SHANGHAI -- With China cracking down on the country's tech giants, Alibaba Group Holding has extended an olive branch to longtime rival Tencent Holdings in a shift away from exclusionary platforms long at the heart of its business strategy.

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