Alibaba co-founder Jack Ma says he's worried about Europe because it's tightening regulations that restrict companies' ability to innovate.
Why? Because Europe is worried about technology, he says, and is tightening regulations that restrict companies' ability to innovate.
He said that, when faced with problems, Chinese entrepreneurs "start to solve the problems, then think about rules and laws." Ma suggested that this was the reason why Europe has been something of a laggard with respect to tech. The region has not produced massive tech firms in the same way that the U.S. and China has, and is largely seen as falling behind the world's two largest economies on that front.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tencent need not envy Jack Ma’s finance fameThe $432 bln tech giant has offered investors a peek into its mobile money arm. It is accelerating into payments and wealth management, catching up with the Alibaba founder’s Ant Financial. Ma’s aggressive expansion rankled bank regulators. Tencent would be wise to stay low-key.
Read more »
You can use Jack Bogle's investing strategy and keep socially responsible focusA traditional S&P 500 index fund may not work for you if you want to avoid investing in companies that may be bad for the environment or do not promote good social practices. But themed index funds might be worth a second look.
Read more »
Twitter's Jack Dorsey And Square Are Making Mass Bitcoin Adoption 'Inevitable'Jack Dorsey, the chief executive of micro-blogging social network Twitter, is taking further steps toward incorporating bitcoin and cryptocurrencies into his payments business, Square...
Read more »
Twitter's Jack Dorsey And Square Are Making Mass Bitcoin Adoption 'Inevitable'Jack Dorsey, the chief executive of micro-blogging social network Twitter, is taking further steps toward incorporating bitcoin and cryptocurrencies into his payments business, Square...
Read more »
Twitter's Jack Dorsey And Square Are Making Mass Bitcoin Adoption 'Inevitable'Jack Dorsey, the chief executive of micro-blogging social network Twitter, is taking further steps toward incorporating bitcoin and cryptocurrencies into his payments business, Square...
Read more »
Alibaba billionaire Jack Ma: I know nothing about tech or marketing—this is the secret to my success'I only know about people. ... I was trained to be a teacher,' says Jack Ma, the founder and chairman of the Chinese e-commerce juggernaut, Alibaba.
Read more »
Tencent's Pony Ma says he's watching whether the trade war will turn into a tech war'We are also constantly watching whether the trade war will turn into a tech war,' Ma said Tuesday, according to a CNBC translation of his Chinese remarks published by a locak news outlet.
Read more »
‘Bethesda man to make bid for Redskins’: How Daniel Snyder became an NFL owner 20 years agoThe franchise changed hands following a tumultuous, nine-month sales process after Jack Kent Cooke's death.
Read more »
Oil rises after OPEC+ says to keep output cuts, Iran tension risesOil rose to multi-week highs on Monday after OPEC indicated it would probably ma...
Read more »
India's Modi-led coalition likely to win majority, exit polls showIndian Prime Minister Narendra Modi's ruling alliance is likely to win a ma...
Read more »
Five safe stocks for risk-blind millennials living in ‘uncertain’ timesA new generation of investors is “awakening without memory of risk,” warns our call of the day, from Jack Murphy, chief investment officer of Levin Easterly...
Read more »