Combating coronavirus: Proposed health code app sparks anger in China
Tuesday, 26 May 2020, 18:00:00
Hangzhou, a high-tech hub and home to e-commerce giant Alibaba, was among the first Chinese cities to adopt such an app.
— Khaleej Times
Chinese Festivals Show Government Spin On Consumer Stimulus
Tuesday, 26 May 2020, 15:00:23
The last time Chinese eCommerce companies collaborated for an online shopping holiday it was called Singles Day. Held on 11/11 and managed by Alibaba, in 2019 it took in $38 billion. It was also the likely inspiration for Amazon’s Prime Day, which took in $7.1 billion in July 2019. Chinese ingenuity may be striking again […]
— PYMNTS
Alibaba Tops Fiscal Q4 Earnings: ETFs in Focus
Tuesday, 26 May 2020, 14:15:00
Alibaba beat earnings and revenue expectations while expects revenue growth to slow this year.
— Zacks Investment Research
Alibaba may be on the road to recovery from the pandemic
Tuesday, 26 May 2020, 14:05:00
Business Insider Intelligence and eMarketer are now Insider Intelligence , a digitally-focused research company from Insider Inc. Learn more about what we offer. This story was delivered to Business Insider Intelligence Payments & Commerce Briefing subscribers earlier this morning. To get this story plus others to your inbox each day, hours before they’re published on Business Insider, click here. Stay up-to-date with our latest coverage on the impacts of coronavirus on technology, marketing, and the digital economy here. The e-tailer reported that its total core commerce segment brought in $13.3 billion in revenue in its fiscal Q4 2020 (ended March 31, 2020), growing 19% year-over-year (YoY). This is a steep drop in revenue growth for the segment, which jumped up 38% YoY in the previous quarter and 54% YoY in the comparable period a year prior. Alibaba’s falling growth is surely related to the coronavirus pandemic, which took hold in China during the quarter, depressing spending in Alibaba’s home market.
— Business Insider
A Chinese city plans to monitor its citizens and rank them by healthiness with an app, making its emergency COVID-19 surveillance regime permanent
Tuesday, 26 May 2020, 11:35:53
A Chinese city is proposing a permanent health tracking app that gives people a daily score based on their habits like drinking, sleeping, and walking. It would be similar to China’s coronavirus tracking app , which gave people a color code that dictated whether they enter certain areas, and could track who they are near. It is not clear if the new app would have the same use, or how the app will collect the data. Privacy advocates warn that new tracking systems introduced during the coronavirus pandemic could become permanent or erode privacy rules around the world. Visit Business Insider’s homepage for more stories . A Chinese city is proposing making a version of the health surveillance app rolled out during the coronavirus pandemic a permanent system that would score and rank residents based on their health and daily habits. Hangzhou, a city in eastern China with around 10 million residents, has proposed a system that would give people a daily score based on their habits like steps taken, alcohol consumed, and how much sleep they got, CNBC reported .
— Business Insider
