Latest Alibaba news is regarding the trio of stories that have been taking rounds. In a very nice way, the Chinese e-commerce titan has summarized the risks and also the benefits that the current Internet juggernauts in China exist for the country’s government. Furthermore, it suggested that there should be a fine line expressed between taming the newly emerged giants while also making sure that their economic powerhouses have not been cut down. It took merely a decade and the world has seen Alibaba, Baidu and Tencent evolve from start-ups that were venture based into one of the most reputable and revenue generating fortune companies in the world.
The evolution of these companies and the stature has not only brought a positive global placement of China but also the essential tax dollars for the local governments and also the tech-related jobs that Beijing wishes to utilize in order to replace the manufacturing labour associated to lower-tech. However, at the very same time, these young and on-growing companies are bound to take vulnerable missteps, those missteps can result in a bit of chaos in the huge Chinese marketplace and the capital shall become careful regarding that.
Alibaba news reports that one conspiracy has been haunting the company since the beginning of the year when Chinese e-commerce titan had been accused of allowing piracy all over the subsidiary, Taobao.com which is immensely popular in the country. Taobao.com is an e-commerce platform which is C2C based. The accusation had been made by the regulators of the country and this has not stopped here. The company’s home province, Zhejiang has fined it for 800,000 Yuan due to the claim that it had let the merchants have access to its B2C marketplace which is Tmall.com just so it can demeanour promotions that are misleading.
In the meantime, Alibaba has suffered through this publicity that was ultimately negative, the benefits that the company has aimed to provide and has been providing to the country’s economy are residing in the other items. Zhejiang’s governor has expressed that Alibaba, alone provides more than 30 million Yuan per day to the provincial tax reserves.
The other item reported is claiming that Jack Ma, Alibaba’s founder has been the country’s biggest philanthropist by donating a whopping amount of 14.5 billion Yuan last year in charity.
Let’s not forget the counterfeit goods accusation that has been rumouring as well. Alibaba has been accused of having counterfeit goods on its e-commerce websites and has been under observation for it.
However, as far as the contribution of this company is concerned, lately with ‘Cloud Hospital’ and its immense interest and acquisitions in entertainment industry are enough proves that it is making its global and native presence felt almost everywhere.
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