China's tech giants take new collaborative approach in Southeast Asia

Likes of Tencent and Alibaba use region as testing ground for more nuanced business philosophy

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A view of the regional headquarters of Tencent Group in Shanghai taken on Sept. 12, 2024.  © AP

Vivian Toh is the chief editor of techtechchina, a Chinese tech news startup.

Chinese technology giants, once synonymous with rapid, aggressive expansion, are now embracing a more calculated, cooperative approach in Southeast Asia's fintech landscape. At the recent Singapore FinTech Festival (SFF), Tencent, Alibaba and Huawei showcased strategies that reflect a recalibrated pursuit of growth, which is focused on local integration, privacy, and collaboration rather than dominance.

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