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China’s internet giants must step up opening their ‘walled gardens’, state media says, ahead of Tencent flagship game’s return to Douyin

  • Collaborations among these Big Tech firms ‘are far from deep’, according to an article by Securities Times
  • The call to break more digital barriers in China’s internet industry comes days before Tencent’s Honour of Kings returns to Douyin’s platform

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China’s major internet companies ‘need to be more open-minded’ about enabling their ecosystems to work across platforms, according to the Securities Times article. Image: Shutterstock
Coco Fengin Beijing
China’s internet giants must accelerate efforts to open up their “walled gardens”, enabling their ecosystems to work across platforms as a means “to face market pressures together” and assure the industry’s further expansion, according to state-owned media.
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At present, collaborations among these companies “are far from deep”, said an article published on Tuesday by Shenzhen-based Securities Times, a financial newspaper owned by the Chinese Communist Party mouthpiece People’s Daily.
The call to break more digital barriers in China’s internet industry comes days before Tencent Holdings’ Honour of Kings, the world’s most popular mobile game, officially returns to the popular live-streaming platform of ByteDance-owned Douyin, which has more than 600 million daily active users, from January 21.

“In the future, internet companies need to be more open-minded and inclusive to promote truly win-win cooperation in the industry,” the Securities Times article said.

Increased collaboration between China’s major internet companies are expected to not only benefit consumers, but help further expand the industry, according to state media. Photo: Shutterstock
Increased collaboration between China’s major internet companies are expected to not only benefit consumers, but help further expand the industry, according to state media. Photo: Shutterstock
The collaboration between ByteDance and Tencent comes amid the video gaming industry’s regulatory uncertainties and a weaker macro environment in China.
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While China’s gross domestic product rose by 5.2 per cent year on year in 2023, the world’s second-largest economy still faced mounting concerns this year including waning investor confidence, a protracted property market slump and a weak private sector.
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