Unlike Alibaba, Tencent has so far avoided an antitrust crackdown in China, likely due to it investing in upstarts instead of driving them out of business (Li Yuan/New York Times)

Li Yuan / New York Times:
Unlike Alibaba, Tencent has so far avoided an antitrust crackdown in China, likely due to it investing in upstarts instead of driving them out of business  —  Tencent's popularity may help it avoid trouble with Beijing.  But its vast power could still squelch innovation in the world's largest online market.

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