Chinese Internet companies should innovate, promote social values, says state media

SHANGHAI: Internet technology companies should seek new development and innovation methods, despite tougher supervision, and are encouraged to assume social responsibilities and promote social values, a state media outlet said on Friday .

"Enterprises that are truly competitive, have good corporate culture and constantly create economic and social values will continue to prosper." China has so far issued fines to players such as e-commerce giant Alibaba Group and social media company Tencent Holdings as part of recent regulatory crackdowns.

Especially in the area of overcoming censorship by authoritarian regimes.

Irony

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