News Snapshot:
Despite holding a dominant position in China's e-commerce market, Alibaba Group Holding has struggled to gain traction in new business fields like cloud services. © Kyodo NAOKI MATSUDA, Nikkei staff writer May 15, 2021 04:13 JST | China Copy Copied SHANGHAI -- With China cracking down on the country's tech giants, Alibaba Group Holding has extended an olive branch to longtime rival Tencent Holdings in a shift away from exclusionary platforms long at the heart of its business strategy. The leading e-commerce provider has long enjoyed strong earnings buoyed by its grip on the massive Chinese market. But antitrust pressures...
