Alibaba, Tencent Push for More China Copyright Protection
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The billionaire founders of Alibaba Group Holding Ltd. and Tencent Holdings Ltd. said China needs stronger protections for intellectual property if the nation wants to create more of its own online content.
Improving copyright protections will help Chinese companies develop a mature business model for videos, music and animation, Tencent Chief Executive Officer Pony Ma told the World Internet Conference in Wuzhen this week. The government can’t achieve that goal alone and must work with content creators and distributors, Alibaba Chairman Jack Ma said.