Alibaba has a new CEO, but it’s still Jack’s house

By John Ruwitch SHANGHAI (Reuters) – When Alibaba Group Holding Ltd's eccentric founder Jack Ma stepped down as CEO two years ago, he declared “the Internet belongs to young people,” and promised that most of the company's leaders born in the 1960s would soon retreat from management. On Thursday, that transition at the e-commerce behemoth appeared complete as Ma trumpeted the appointment of a fresh chief executive, Daniel Zhang, born in 1972, as part of a broader reshuffle.

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Alibaba’s Jack Ma seeks to reassure employees over U.S. lawsuits

Alibaba Group Holding Ltd Executive Chairman Jack Ma urged employees to relax about U.S. lawsuits against the firm over possible failure to disclose information to investors, in a letter to staff posted on his official microblog on Friday. A series of lawsuits have been filed in the United States after an unusually public fracas with a Chinese regulator last month over the issue of fakes being sold on Alibaba's websites.

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Chinese regulator says to target e-commerce pricing behavior

A Chinese antitrust regulator said on Friday pricing tactics in the nation's e-commerce sector will be probed to ensure a “fair” market, likely putting new scrutiny on companies such as Alibaba Group Holding Ltd and JD.com Inc. The comments come just two weeks after another government regulator, the State Administration for Industry and Commerce (SAIC), accused Alibaba of failing to clean up what it called illegal business deals on the e-commerce titan's platforms. The National Development and Reform Commission (NDRC) said in a statement on its website that it would “organize and develop special inspections into the online retail sector's pricing behavior”

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Alibaba meets with China regulator, controversial report retracted

(Reuters) – The head of China's commerce regulator met with Alibaba Group Holding Ltd chairman Jack Ma on Friday to discuss combating fake products, the official Xinhua news agency reported, with the two adopting a conciliatory tone after a row over illegal business on the Internet company's platforms. The meeting took place the same day the regulator, the State Administration for Industry and Commerce (SAIC), backtracked on an earlier report that had excoriated the Chinese online commerce company for not doing enough to suppress counterfeiting on its websites.

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Factbox: Canada security bill’s main provisions

The Canadian government introduced legislation on Friday to counter terrorism in response to attacks in Canada, France and Australia by Islamist militants since last October. The following are the main provisions: CANADIAN SECURITY INTELLIGENCE SERVICE – CSIS would have powers to disrupt threats to the security of Canada at home and abroad, not just collect intelligence. PROMOTION OF TERRORISM – It would make it a crime to call for attacks on Canada in general.

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Davos bosses fret over threats to Internet free trade

The issue is a hot topic at this year's World Economic Forum in Davos, and the forum is seeking to provide a platform for debate over ways to maintain an open, cross-border Web in the face of pressures for national regulation. Quite frankly, there is a temptation,” said Vittorio Colao, chief executive of mobile telecoms group Vodafone, who pointed to different regulatory regimes as an impediment to network traffic. A 2014 report by the Boston Consulting Group estimated the Internet economy will be worth $4.2 trillion in the major Group of 20 (G20) economies by 2016 and, if it were a country, it would rank among the top five in the world, ahead of Germany

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