Alibaba CEO Describes Difficulty of Dealing with Chinese Government

LOGAN voice over But ░░░░░░░░ recently some of its ░░░░░░░░ investors have included institutions ░░░░░░░░ ties to China s ░░░░░░░░ elite Alibaba has also ░░░░░░░░ from Chinese government policies ░░░░░░░░ make it difficult for ░░░░░░░░ competitors to operate there ░░░░░░░░ explained how he walks ░░░░░░░░ fine line with Beijing ░░░░░░░░ I have a very ░░░░░░░░ talk to my teams ░░░░░░░░ ever do business with ░░░░░░░░ In love them Don ░░░░░░░░ marry them So we ░░░░░░░░ do projects for government ░░░░░░░░ they come to us ░░░░░░░░ say Jack can you ░░░░░░░░ with this Good I ░░░░░░░░ introduce friends to you ░░░░░░░░ are interested in doing ░░░░░░░░ Or if you wanted ░░░░░░░░ to do it I ░░░░░░░░ do it free for ░░░░░░░░ Just next time don ░░░░░░░░ come to me again ░░░░░░░░ t Because of that ░░░░░░░░ keep very good love ░░░░░░░░ with the government LOGAN ░░░░░░░░ over When we pressed ░░░░░░░░ he acknowledged there are ░░░░░░░░ he has to bow ░░░░░░░░ Chinese authorities Though he ░░░░░░░░ surprisingly frank about a ░░░░░░░░ that is also sensitive ░░░░░░░░ U S Internet companies ░░░░░░░░ Google Facebook and Yahoo ░░░░░░░░ You gather more information ░░░░░░░░ Chinese citizens than anyone ░░░░░░░░ in the country MA ░░░░░░░░ mean me LOGAN Yes ░░░░░░░░ Yeah LOGAN So when ░░░░░░░░ Chinese government comes knocking ░░░░░░░░ your door asking for ░░░░░░░░ information how do you ░░░░░░░░ that What do you ░░░░░░░░ MA OK We have ░░░░░░░░ very strict process working ░░░░░░░░ the government If they ░░░░░░░░ to do it it ░░░░░░░░ related with the national ░░░░░░░░ we work together Any ░░░░░░░░ any citizen anywhere you ░░░░░░░░ to work I believe ░░░░░░░░ has to with the ░░░░░░░░ security of the U ░░░░░░░░ A Facebook has to ░░░░░░░░ it Alibaba would definitely ░░░░░░░░ to do it LOGAN ░░░░░░░░ over What worries some ░░░░░░░░ is the possibility that ░░░░░░░░ could take control of ░░░░░░░░ company and all of ░░░░░░░░ assets at any time.”