Tencent Holdings Ltd head Pony Ma said he will cooperate with antitrust regulators as big technology companies in China are facing intense scrutiny for monopolistic behavior that could stifle innovation.

Entrepreneur opens up debate on need for boundariesAlibaba founder Jack Ma says he is worried that over-regulation in Europe threatens to stifle innovation in the tech sector.

It's the misuse of that bigness, and market dominance such as Facebook has been doing by acquiring innovative companies before they can really reach maturity and also copying new technologies so as to stifle competition and innovation," he said.

Faris Saah, senior lecturer at Harvard University and managing partner of consulting firm Quansoo Partners, told Xinhua that with the regulatory overreach of the Dodd-Frank Act enacted after the 2008 crisis when panic was prevailing, some improvements may be needed to ensure it continues to play its oversight role and unwinds the shackles of rules that are too rigid and stifle growth.

Bai Ming, deputy director of international market research at the Chinese Academy of International Trade and Economic Cooperation, said that by imposing these restrictions, the Biden administration is not only suppressing China in the production of certain high-tech products but attempting to stifle the development of all relevant industries and research institutions.

The US and Europe are heading for an economic downturn, which, as a result, will dampen demand and stifle global trade to a great extent.

The monopolistic demand of some platform companies from much smaller merchants, if goes unchecked, could undermine fair competition, stifle market access and innovation, and ultimately harm consumer interests and the entire economy.

The growth of technology companies is important to dynamism, but it is just as important that they not be allowed to stifle competitive markets.

Such acts violate the basic principles of the WTO, stifle international trade and investment, and undermine the stability of the global industrial and supply chains, He said.

Splitting the global semiconductor sector to stifle Chinese mainland's chip development will only worsen such a chip supply crunch and Washington should not turn a blind eye to the collateral damage that could be forced upon its economy, as has already been shown in its automotive industry.

Actions that force merchants to choose marketplaces hinder innovation and stifle interest among merchants and consumers.

A key problem in the US is that its online markets have become oligopolistic, with just a few dominant companies, that are doing their utmost to control the market and stifle competition.

The sluggish or stunted development pace in most developed countries will likely stifle demand there, which isn't good news for China's exports.