WUZHEN, China -- China's move to develop rules to restrict internet companies' anti-competitive practices are "timely and necessary," according to Daniel Zhang, chairman and chief executive of e-commerce leader Alibaba Group Holding.
Speaking on Monday at China's annual government-sponsored World Internet Conference in the eastern city of Wuzhen, Zhang said the emergence of Chinese internet companies onto the global stage was made possible by Beijing's market reforms and development policies.
