"If Alibaba wants to trade on the European market, it must respect the rules that apply here. "We respect the rights of consumers and we are very attentive to their concerns. "The complaints came a day after Alibaba's founder Jack Ma was in Paris for a tech conference, where he wryly suggested Europe should spend more time fixing problems than creating laws and rules. "If you think the tech revolution is a problem, I am sorry to say that it has just started," said Ma. "On Wednesday, Alibaba announced its net profit more than tripled to USD 3.8 billion in the first quarter.

Source: Economic Times May 17, 2019 13:07 UTC