Alibaba calls China crackdown a 'challenge,' but no news on Ant IPO

E-commerce giant vows to shoulder more social responsibility amid probe

20210202N Alibaba 2

Alibaba Group's Beijing office: China's changing regulatory landscape "presents near-term challenges" to the group. © Reuters

NIKKI SUN, Nikkei staff writer

HONG KONG -- The chairman and CEO of Alibaba Group Holding expects the company to be challenged by China's tightening rules on internet platforms, as the e-commerce conglomerate reported better-than-expected quarterly earnings on Tuesday.

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