China mulls forcing Tencent, Alibaba to offer rivals' online payment services


  • TECH
  • Monday, 03 Aug 2015

An Alipay logo is seen at a train station in Shanghai, February 9, 2015. REUTERS/Aly Song/Files

BEIJING: China proposed new regulations that could force Internet companies such as Alibaba Group Holding Ltd, Tencent Holdings Ltd and Baidu Inc to offer their rivals' online payment services as well as their own. 

China has the world's largest Internet population and Beijing is trying to better regulate the country's rapidly-changing Internet sector, drawing up rules for everything from censorship to cybersecurity and e-commerce. 

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