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.
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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)
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.