Chinese giant Alibaba’s profit plunges in 2021 by nearly 60%

The company is putting this fall on account of “the resurgence of the epidemic in China, particularly in Shanghai.” Black Thursday: Chinese e-commerce giant Alibaba reported a nearly 60% drop in net profit in 2021 and huge quarterly losses, on the back of an economic slowdown and tougher regulations targeting technology. Read alsoIn the Beijing … Read more

Carbon Footprint Tracker for Digital Identification

During a live broadcast session from Davos, titled “Strategic Foresight: Responsible Consumption,” Michael Evans, Chairman of Alibaba Group Holdings Ltd., said the company is working on an app to track consumers’ carbon footprint. ” We are developing, through technology, a functionality that allows consumers to measure their carbon footprint. What does it mean ? It’s … Read more