Alibaba Group Holding Ltd. Chairman Jack Ma, whose company was told to leave Taiwan within six months over alleged investment violations, said the e-commerce giant followed local laws when it entered the market. The shares fell for a fourth day.
“Taiwan is very important for Alibaba,” Ma told reporters Tuesday after delivering a speech to university students in Taipei. “As a global company, no matter where we go in the world, we need to comply with the local laws.”
