CEO Alibaba told shareholders that record antitrust fines have made him more thoughtful about the r

CEO Alibaba told shareholders that record antitrust fines have made him more thoughtful about the response. Daniel Zhang Yong chairman and CEO of Chinese e-commerce giant Alibaba Group Holding, said that the “We need to give more thought towards the positive value being created for society; addressing challenges related to essential technology; supporting the development of rural revitalisation; becoming more environmentally friendly and sustainable.” South China Morning Post was fined 18.2 billion yuan three months ago for monopolistic practices including that forced online merchants to choose just one distribution channel. “forced its way” to a New York listing The almost continuous crackdown on China’s tech industry from different government bodies seems to be getting worse. while listed companies and overseas investors are barred from investing, or acquiring stakes, in education firms that teach school curriculum, according to the rules which were formally released on July 24. What’s more, China’s internet ministry has launched a fresh nationwide campaign to The Ministry of Industry and Information Technology , one of China’s top government bodies responsible for regulating the tech industry, has begun a six-month campaign to address the “tough problems” of the internet industry, including disturbing market order, infringing users’ rights, threatening data security and unauthorised internet connects, the ministry said in a notice published to its website on Monday. Separately, Alibaba disclosed the current members of its