Alibaba (NYSE:BABA), (MPNGF) – Alibaba CEO Calls China’s New Fintech Regulations ‘Timely And Necessary’ After Ant IPO Ax

Alibaba Group Holding Ltd (NYSE: BABA) CEO Daniel Zhang said that Beijing’s draft rules to prevent monopolistic behavior by China’s internet platforms are “timely and necessary,” Reuters reported Monday (Beijing time)

What Happened: Zhang, speaking at the World Internet Conference held in Wuzhen, China, said that the country’s regulations need a shakeup. 

The Chinese internet industry’s “development and government supervision is a relationship that promotes and relies on each other, so that platform enterprises cannot only develop well themselves, but also serve the sustainable and healthy development of the whole society,” the Alibaba CEO said.

The annual conference takes place on Nov. 23 and Nov. 24 and is organized by the Cyberspace Administration of China, the country’s internet watchdog and censor.   

China’s internet giants such as Tencent Holdings Limited (OTC: TCEHY), Alibaba, and Meituan (OTC: MPNGF) are reportedly under greater government scrutiny. 

Why It Matters: The draft rules, published Nov.

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Alibaba CEO says China’s draft anti-monopoly rules ‘timely and necessary’

By Yingzhi Yang and Josh Horwitz



a screen shot of a man in a suit and tie: World Internet Conference in Wuzhen


© Reuters/ALY SONG
World Internet Conference in Wuzhen

WUZHEN, China (Reuters) – China’s move to draft rules aimed at preventing monopolistic behaviour by internet platforms is “timely and necessary”, Alibaba Group CEO Daniel Zhang said on Monday.



Xi Jinping et al. standing in front of a large crowd of people: World Internet Conference in Wuzhen


© Reuters/ALY SONG
World Internet Conference in Wuzhen

Speaking at the World Internet Conference, Zhang said Chinese internet companies have moved to the forefront of the global industry with the help of government policies, but regulations need to evolve.



People check laptop at the opening ceremony of the World Internet Conference (WIC) in Wuzhen


© Reuters/ALY SONG
People check laptop at the opening ceremony of the World Internet Conference (WIC) in Wuzhen

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The industry’s “development and government supervision is a relationship that promotes and relies on each other, so

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New findings could provide a tool for people with bipolar disorder and clinicians to predict relapse and intervene in a timely manner — ScienceDaily

Relapse in people with bipolar disorder can be predicted accurately by their tendency towards having pessimistic beliefs, according to a study published today in eLife.

The results could provide an urgently needed tool for doctors to predict upcoming relapse and provide timely treatment.

Bipolar disorder is characterised by successive periods of elation (mania) and depression, interspersed with asymptomatic phases, called euthymia. People who have shorter periods of asymptomatic euthymia are more likely to suffer disability, unemployment, hospitalisation and increased suicidal feelings. However, predicting relapses using existing clinical diagnostic tools or demographic information has proven largely ineffective in bipolar disorder.

“It is already known that people with depression tend to give negative information more weight than positive information, leading to pessimistic views that may make symptoms worse,” explains lead author Paolo Ossola, Research Fellow at the Department of Medicine and Surgery, University of Parma, Italy. “We wanted to test the

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