Adani Enterp. 2451.15↑22.00(0.91%)
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Tata Consumer 801.00↓-6.10(-0.76%)
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UPL 680.25↓-9.80(-1.42%)
Wipro 397.30↓-2.25(-0.56%)

Tencent bows to regulator, opens WeChat to rival application links

Tencent had restricted users from sharing content from Douyin. In Feb, Douyin filed a complaint at a Beijing court saying this was monopolistic behaviour

Tencent loses $62 bn in 2-day rout, wiping out value of fintech business

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Tencent has also restricted users from sharing content from ByteDance-owned short video app Douyin on WeChat and QQ, another Tencent messaging app.

2 min read Last Updated : Sep 17 2021 | 11:17 PM IST

Tencent Holdings's popular WeChat messaging app will start allowing users to access external links from Friday, days after regulators told the company and its rivals to end a long-standing practice of blocking each other's links.

China’s technology giants have historically prevented links and services by rivals from being shared on their platforms. On Monday, however, regulators said they were ordering firms to rectify this as the practice affected users' experience and damaged consumer rights.

The move is part of a broader regulatory crackdown on the industry that has wiped billions of dollars off the market value of some of China’s largest companies.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)