Alibaba chief calls new Chinese competition rules 'necessary'

Daniel Zhang strikes supportive tone following collapse of Ant Group IPO plan

20201123 Wuzhen Alibaba Ant

Participation by Alibaba and Ant in the World Internet Conference in Wuzhen, China, comes amid a public consultation on plans for new restrictions on internet companies’ anti-competitive practices. (Photo by CK Tan)

CK TAN, Nikkei staff writer

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.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.