Chinese Stocks Gain Steam As Tencent's WeChat Agrees To Allow External Links

September 17, 2021 6:43 AM | 1 min read | Make a Comment

Tencent Holdings Ltd's TCEHY WeChat messaging app will allow users to access external links from Friday, Reuters reports, and also confirmed by a tweet.
The update follows China's mandate to companies like Alibaba Group Holding Ltd BABA and Tencent to stop blocking each other's links.
The companies previously planned to open up their services to one another to counter the crackdown.
Chinese tech stocks, including BABA, Baidu Inc BIDU, JD.com Inc JD, Bilibili Inc BILI, DiDi Global Inc DIDI, are trading higher in the premarket today after a bloodbath due to China's regulatory extended crackdown.
Price Action: BABA shares traded higher by 1.11% at $158 in the premarket session on the last check Friday.