Alibaba, Tencent Propose To Open Barriers Following Domestic Tech Crackdown: WSJ

Alibaba Group Holding Ltd BABA and Tencent Holdings Ltd TCEHY are planning to open up their services to one another gradually, the Wall Street Journal reports.
China's growing tech crackdown has made it difficult for companies to maintain the virtual barriers.
Alibaba could introduce Tencent's WeChat Pay to Alibaba's e-commerce marketplaces, Taobao and Tmall.
Tencent could make it easier to share Alibaba e-commerce listings on its WeChat messaging app or allow selected Alibaba services to access WeChat users via mini-programs.
China's State Administration for Market Regulation had fined Alibaba $2.8 billion for forcing vendors to sell exclusively on its platform.
The companies control the so-called super apps via their respective camps. Alibaba, its financial affiliate Ant Group Co., and Alibaba-owned firms like Ele.me feature on one camp. The other base features Tencent, JD.com Inc JD, Meituan MPNGY, and Pinduoduo Inc PDD.
Price action: BABA shares traded higher by 1.13% at $211.92, and TCEHY shares traded higher by 1.55% at $72.06 on the last check Wednesday.