At a panel discussion at the United Nations, Alibaba Holdings Group Founder Jack Ma said that global policy makers should exercise a light touch in the e-commerce ecosystem and avoid getting bogged down in privacy and cybersecurity regulations, Bloomberg BNA reports. Ma said that European regulations shouldn't allow laws to get in the way of innovation, because “when you worry about too much, nothing can happen." Ma advocated for regulators to instead create policies to spur entrepreneurs, "encourage infrastructure investment and reduce tax burdens for e-commerce companies," the report states. “We should not discipline the baby before it is born,” Ma added.
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