In recent years, tech titans Alibaba Group Holding Ltd. and Tencent Holdings Ltd. have competed across a range of mobile internet businesses. Now the duopoly that has defined China’s internet is going to war.
Industry watchers got a whiff of the brewing conflict earlier this month at the World Internet Conference, a major industry event backed by the Chinese government. Alibaba’s Jack Ma, the face of Chinese entrepreneurship, was conspicuously absent from two high-powered dinners attended by industry superstars.
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