The two sides reached a consensus and will explore the management model together to promote the healthy and orderly development of the network economy

First January 30, Zhang, director of the State administration of industry and Commerce met with Alibaba chairman Ma Yun, the two sides reached a consensus, will explore the management model, promote the healthy and orderly development of the network economy.

Then, on the evening of January 30, a spokesman for the State administration of Industry and Commerce officially stated that January 28, the "white Paper" issued by the Network Supervision division of the General Administration of commerce and industry, is essentially a record of the meeting of Administrative Guidance Symposium.

Ma said that Ali Company will actively cooperate with the government departments, increase capital, technology and other inputs, strengthen the original professional anti-counterfeiting team, strengthen the daily online inspection and sampling, and law enforcement departments to work together to effectively solve the real problem.

A spokesman for the State administration of industry and Commerce said, "July 16, 2014, the Department of Industry and Commerce network supervision in Zhejiang Province, held Alibaba Group Administrative Guidance Symposium ... Following the meeting, the Network Supervision division formed the White Paper on executive guidance to Alibaba Group and released it on January 28, 2015. Its essence is the proceedings of the symposium, not the white paper. The record has no legal effect. "At the same time," he added, "in November 2009, the State Administration for Industry and Commerce issued" on the Industrial and Commercial administration to comprehensively promote the work of administrative guidance, "2014, the national Industrial and commercial system has implemented more than 10,000 administrative guidance. ”

The "white Paper" is part of a series of disputes over the sampling problem caused by the Network supervision division of the SAIC and the Taobao. January 23, the network supervision Division released a "second half of 2014, the network trading commodity directional monitoring results," then January 27, a Taobao staff issued a query Network supervision division operation problems. The following morning, the network supervision Division, "In view of the current regulatory situation, to clarify the various perceptions," then issued the "on the Alibaba Group administrative guidance on the work of the White Paper." In the afternoon, Taobao responded to the official complaints network supervision of the director of "Emotional law enforcement." The "white Paper" was also on the evening of the State Administration for Industry and Commerce official website quietly removed, and at noon the next day deleted.

Generally speaking, the white paper is a government or parliament in the formal publication of a white cover binding of important documents or reports to nickname. But the State administration of Industry and Commerce opened a white paper to the enterprise as a precedent. The move sparked widespread concern at home and abroad and became the key to runaway control.

The white paper was released the next day, and the international media were concerned about the phenomenon as a government opinion. Even emerging technology companies face government interference. And questioned Alibaba for withholding information about its own government investigations before the IPO. Many institutional investors are beginning to doubt whether Chinese enterprises are in a "non-market competitive environment".

The move led to a fall in Alibaba, along with Chinese concept stocks, which evaporated 60 billion of billions of dollars in a row for two days, with Alibaba falling 33 billion dollars in market capitalisation.

Although the executive vice president of Alibaba Group, Tsai, in the face of investor inquiries, stressed that the [white paper] content is only a day-to-day and regulatory talks, not requiring institutions to delay disclosure reports. But outside investors have a clear understanding, January 30, four law firms announced on behalf of Alibaba shareholder interest in Ali may provide investors with false business information and other issues to investigate.

A spokesman for the State Administration of commerce and Industry said the response meant that Alibaba had not withheld information from investors, so lawsuits filed by the US four law firms would lose evidence.