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Alibaba CEO says regulations for internet firms 'necessary' - Black News Channel

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By ZEN SOO and JOE McDONALD Associated Press HONG KONG (AP) — The chairman and CEO of e-commerce giant Alibaba Group praised Chinese regulators Monday in a possible attempt to repair ties after the stock market debut of its former financial services arm was suspended following criticism of them by billionaire Alibaba founder Jack Ma. Beijing's announcement of proposed guidelines to regulate internet companies is 'timely and necessary,' Daniel Zhang said in a speech at the government-organized World Internet Conference in Wuzhen, a town in Zhejiang province, just south of Shanghai. While Zhang did not specify which regulations he was […]

The post Alibaba CEO says regulations for internet firms 'necessary' appeared first on Black News Channel.

Source: Black News Channel - Black News Channel

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