Alibaba CEO tells shareholders that record antitrust fine made it ‘more thoughtful’ about its responsibilities

Source: Tech – South China Morning PostDaniel Zhang Yong, chairman and CEO of Chinese e-commerce giant Alibaba Group Holding, said that the record antitrust fine in April made the company “more thoughtful about the responsibilities” of a platform company as Beijing continues its sweeping regulatory crackdown on the country’s tech industry.“Internet platform businesses inherently share common characteristics with society,” Zhang said in a letter to shareholders on Tuesday. “We need to give more thought towards the positive value…Read More

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