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

China’s internet ministry has launched a fresh nationwide campaign to purge what it deems problems in the internet industry. The Ministry of Industry and Information Technology of a platform company as Beijing continues its sweeping regulatory crackdown on the country’s tech industry. Zhang’s remarks come as the country’s technology firms are under scrutiny by both Beijing and society at large for putting profits before social responsibility. Alibaba to a New York listing late last month. The almost continuous crackdown on China’s tech industry from different government bodies seems to be getting worse. Dozens of companies listed in Shanghai and Hong Kong have seen their share price tumble after Beijing banned off-campus tutoring last week from providing holiday and weekend services. In addition 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 one of China’s top government bodies responsible for regulating the tech industry the ministry said in a notice published to its website on Monday. Download a copy of the 2021 China Internet Report here Separately Zhang said in a letter to shareholders on Tuesday. that forced online merchants to choose just one distribution channel. On-demand food delivery platform Meituan is also the subject of an investigation into similar practices while ride-hailing giant Didi Chuxing faces a cybersecurity review after the company Alibaba disclosed the current members of its Alibaba Partnership a management system established a decade ago that enables senior managers to collaborate and sidestep the bureaucracy of a company its size. The latest additions to the partnership include Chen Lijuan