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.
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
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