Alibaba and Tencent Are Showing How Companies Can Get around Beijing's Crackdown on Foreign Deals

The firms, among China’s most important tech giants, are overseeing the merger of two companies they back. Chinese delivery firm 58 Suyun is combining with Hong Kong logistics company GoGoVan — both have raised funds from Alibaba, and Tencent backs New York-listed 58.com, the parent company of 58 Suyun.