China said in a draft commentary due for publication in Qiushi on June 1 that it would support the growth of online platforms while tightening oversight of algorithms, data use, and consumer protection.

The message matters because Qiushi is an official Communist Party journal used to explain central policy decisions and plans, making the draft a clear signal of Beijing’s policy direction.

The commentary repeated calls to curb “involution-style” competition, a term that can include price wars and aggressive subsidies, while urging platform companies to invest in technologies such as AI and cloud computing.

🔗 Source: Bloomberg

Recent Alibaba developments