Alibaba CEO says China's scrutiny of Internet platforms is needed

Alibaba Group CEO Daniel Zhang speaks at the World Internet Conference in Wuzhen, Zhejiang province, China, Nov 23. — Aly Song/Reuters

WUZHEN, China: China's increasing oversight of Internet platforms is both "timely and necessary", Alibaba Group CEO Daniel Zhang told the World Internet Conference on Nov 23.

Zhang said Chinese Internet companies had moved to the forefront of the global industry with the help of government policies, but regulations need to evolve.