
Tencent Holdings Limited (OTC:TCEHY) and Alibaba Group Holding Limited (NYSE:BABA) are rivals in several business areas. Although the Chinese tech behemoths are now set to be collaborators, at least in the loose sense of the term.
What Happened: G7 Connect, a Chinese truck fleet management company having the backing of Tencent, is lapping up E6, a smaller rival, the South China Morning Post reported.