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China's tech giants take new collaborative approach in Southeast Asia

![AP24256450248411.jpg](https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fcms-image-bucket-production-ap-northeast-1-a7d2.s3.ap-northeast-1.amazonaws.com%2Fimages%2F2%2F3%2F4%2F7%2F48707432-3-eng-GB%2FCropped-1733972976AP24256450248411.jpg?width=780&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto)

A view of the regional headquarters of Tencent Group in Shanghai taken on Sept. 12, 2024.  © AP

_Vivian Toh is the chief editor of techtechchina, a Chinese tech news startup._

Chinese technology giants, once synonymous with rapid, aggressive expansion, are now embracing a more calculated, cooperative approach in Southeast Asia's fintech landscape. At the recent Singapore FinTech Festival (SFF), Tencent, Alibaba and Huawei showcased strategies that reflect a recalibrated pursuit of growth, which is focused on local integration, privacy, and collaboration rather than dominance.

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