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China tech

Tencent vows to embrace open platform amid antitrust crackdown

Back by strong earnings, tech giant grows short video unit in challenge to Douyin and Kuaishou

Tencent headquarters in Shenzhen: The company's core businesses are growing despite regulatory headwinds.   © Reuters

HONG KONG -- Chinese internet group Tencent Holdings has vowed to make its platform of a billion-plus users open to industry players -- including competitors -- as Beijing steps up an anti-monopoly crackdown aimed at big tech companies.

Tencent President Martin Lau told investors Wednesday that its platform is open to industry players and that collaboration with any big companies needs to be "mutually constructive," responding to media reports that Tencent will allow rival Alibaba Group Holding's Taobao marketplace to sell through its mini-program

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