Musk reassures Beijing at China tech conferenceBloombergTesla Inc chief executive officer Elon Musk yesterday spoke at the opening of China’s World Internet Conference, reassuring Beijing about his company’s commitment to invest and expand in the country against a backdrop of unprecedented economic turbulence. Alibaba Group CEO Daniel Zhang speaks at the World Internet Conference in Wuzhen, China, on Nov. 23 last year. “At Tesla, we are glad to see a number of laws and regulations that have been released to strengthen data management,” Musk said by videoconference. This collaborative international tone was in contrast to the great domestic upheaval for China’s Internet firms. Tesla, Intel and Qualcomm are among a handful of US companies with ambitions to expand their business in China.

Source: Taipei Times September 26, 2021 15:56 UTC