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Alibaba and Tencent lost a combined $66B in market value over about 24 hours as investors reacted to unclear monetization plans for their AI investments (Bloomberg)

Bloomberg : Alibaba and Tencent lost a combined $66B in market value over about 24 hours as investors reacted to unclear monetization pla...

4 September 2024

Alibaba will let shoppers check out via Tencent's WeChat Pay on its Taobao and Tmall shopping platforms, as Chinese government crackdown on Alibaba ends (Bloomberg)

Bloomberg:
Alibaba will let shoppers check out via Tencent's WeChat Pay on its Taobao and Tmall shopping platforms, as Chinese government crackdown on Alibaba ends  —  - The decision brings down one of the biggest app barriers … The Taobao and Tmall shopping platforms will allow its hundreds …

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