Jack Ma, founder of China’s largest ecommerce business, the Alibaba Group, expressed his view on working with the government in January at Davos, Switzerland, during the World Economic Forum.
“Fall in love with the government, but don’t marry them,” he said.
Last September, Alibaba recorded the world’s largest initial public offering at $25 billion at the New York Stock Exchange.
The role of government is indispensable in ensuring fair competition, improving the market system and fighting monopoly and other anticompetitive practices, said Liu Shijin, Deputy Director of the Development Research Center of the State Council, China’s cabinet.
On the other side, Internet companies like Alibaba live on exploring new market opportunities, such as e-commerce and Internet finance.
“What is bracing us is the market,” said Alibaba in a statement in…