Daniel Zhang Yong, chairman and chief executive of Alibaba Group Holding, has written an article in an official magazine published by the country’s cyberspace administration, promoting the positive role the Hangzhou-based company’s technology can play in Chinese society., a magazine launched in 2022 by the Cyberspace Administration of China as a mouthpiece for the authority.
The article’s publication comes as Beijing dials down an intense period of regulatory scrutiny of Big Tech firms such as Alibaba and Tencent Holdings. In May, top Chinese Communist Party officials, including Vice Premier Liu He and No 4 party ranking member Wang Yang, met Big Tech leaders to encourage them to play a constructive role in the national economy.
Zhang wrote in the article that Alibaba had helped to sell agricultural produce worth more than 1 trillion yuan in the past eight years. “From the second half of 2021 until 2025, Alibaba plans to invest 100bil yuan to help tech innovation, economic development, high-quality employment and care for vulnerable groups to promote social and economic growth,” he wrote.
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