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GC Asia
Alibaba CEO learns lesson in humility
Alibaba’s chief executive Daniel Zhang has praised a regulatory crackdown on China’s technology titans. That was an abrupt turn from co-founder Jack Ma’s loose-lips policy to discussing China. Investors will be relieved.
The State Administration for Market Regulation (Samr) published draft rules earlier this month targeting anti-competitive behaviour by the country’s largest internet companies, including Alibaba, e-commerce platforms JD.com and Pinduoduo, delivery service Meituan and Tencent Holdings, which runs super-app WeChat.
The rules define market dominance and monopolistic behaviour as ...Already a subscriber? Login
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