Alibaba CEO learns lesson in humility

beijing_adobe_575x375_20
By Jonathan Breen
24 Nov 2020

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?

Continue reading this article

Try full access to GlobalCapital

Free trial

Want to learn more? View subscription options