Tencent, Alibaba to build ecosystem connectivity, and Chinese Internet may usher in new opportunities
It’s reported that Tencent and Alibaba will soon open their ecosystems. Alibaba will allow access to WeChat Pay in the e-commerce field, and Tencent will allow Alibaba to develop e-commerce services in WeChat ecosystem. This news has not been confirmed by relevant parties. If it is true, it means that China’s Internet will usher in new development opportunities. In fact, Tencent’s main business income comes from social networking and games, while Alibaba focuses on e-commerce and cloud services. The conflict between the two giants is not as fierce as expected. In the process of competing with each other, even the two companies have made progress together.
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