Alibaba co-founder Jack Ma says he's worried about Europe because it's tightening regulations that restrict companies' ability to innovate.
Why? Because Europe is worried about technology, he says, and is tightening regulations that restrict companies' ability to innovate.
He said that, when faced with problems, Chinese entrepreneurs "start to solve the problems, then think about rules and laws." Ma suggested that this was the reason why Europe has been something of a laggard with respect to tech. The region has not produced massive tech firms in the same way that the U.S. and China has, and is largely seen as falling behind the world's two largest economies on that front.
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