For example, Tencent's payment platform WeChat Pay is unavailable when using Alibaba's e-commerce sites, and Alibaba's services can't be used via WeChat Pay, either.įurthermore, ByteDance, the maker of TikTok, sued Tencent in February, alleging the latter's WeChat and QQ messaging services wouldn't allow links to content on the Chinese version of TikTok, Douyin. This behavior of preventing access to rival services is – or rather was – commonplace in China. Busy day in China: Xi Jinping announces tech-sharing, services export push and a bourse for startups.China orders annual security reviews for all critical information infrastructure operators Email us at The government has accused a handful of companies of unfairly suppressing competition in their respective spheres: Tencent in social media via WeChat, Alibaba in e-commerce with Taobao and Tmall and, more recently, ByteDance in video via TikTok-cousin Douyin.China plans laws for 'healthy' development of tech companies.Chinese web giant Tencent predicts Beijing has more internet regulations coming – and welcomes them.Huawei, Baidu, ByteDance, and Xiaomi were also in attendance. Both businesses later said they agreed to fall in line. That said, a Chinese publication reported Alibaba and Tencent attended a meeting with the Ministry on September 9 in which they were informed of the incoming rules and were told to end the practice of blocking access to competitors. He also did not specify which companies triggered the regulations, although he did cite instant-messaging platforms as a potential offender. Chow predicts that e-CNY will account for roughly 10 of China’s electronic payments market in a few years, co-existing with Alipay and WeChat Pay. Mass adoption of the digital yuan won’t happen overnight. Zhao did not specify what the consequences would be for organizations that failed to abide by the new rules. That data is now dominated by Alipay and WeChat Pay, which control a combined 94 of China’s online payment market.
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