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FB plans campaign in India to fight COVID related misinformation : Bulletin: Business Today


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Facebook plans campaign in India to fight COVID-19 related misinformation
Facebook on Thursday said it will roll out a new campaign in India in the coming weeks to educate and inform people about how to detect misinformation related to Covid-19, and encourage users to check the information they receive against an authentic source. The social networking giant has removed over 12 million pieces of harmful misinformation on Covid-19 globally from Instagram and its own platform during the pandemic, including falsehoods about approved vaccines.
COVID-19 crisis: Indian, South African variants detected in Americas, says WHO expert
The newest variant, the Indian B.1.617 variant, has been detected in cases in eight countries of the Americas, including Canada and the United States. The four most worrying coronavirus variants have been detected in virtually all countries and territories of the Americas, but although they are more transmissible there is ....

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Alibaba reports first-ever operating loss in 7 years due to anti-monopoly fine


Alibaba reports first-ever operating loss in 7 years due to anti-monopoly fine
The fine on Alibaba led to a 7.66-billion yuan ($1.19 billion) operating loss in the fourth quarter ended March 31
Reuters | May 14, 2021 | Updated 09:15 IST
China s top e-commerce platform Alibaba Group Holding Ltd on May 13 posted its first quarterly operating loss since going public in 2014 due to a record anti-monopoly fine by the country s market regulator. Its US-listed shares fell nearly 3 percent in choppy trading, even as the company forecast strong 2022 revenue, betting that the pandemic-driven shift to online shopping will remain resilient.
The outlook, however, was overshadowed by a regulatory crackdown in China that led to the suspension of a $37-billion IPO of its affiliate Ant Group and a $2.8-billion fine in April for anti-competitive business practices. The fine led to a 7.66-billion yuan ($1.19 billion) operating loss in the fourth quarter ended March 31. ....

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Alibaba reports first-ever quarterly operating loss in 7 years. Here's why


Alibaba reports first-ever quarterly operating loss in 7 years. Here s why
Alibaba reports first-ever quarterly operating loss in 7 years. Here s why
Alibaba s US-listed shares fell nearly 3 percent in choppy trading, even as the company forecast strong 2022 revenue, betting that the pandemic-driven shift to online shopping will remain resilient.
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Alibaba s overall revenue rose to 187.4 billion yuan in the fourth quarter. (Photo: Reuters)
China s top e-commerce platform Alibaba Group Holding Ltd on May 13 posted its first quarterly operating loss since going public in 2014 due to a record anti-monopoly fine by the country s market regulator. Its US-listed shares fell nearly 3 per cent in choppy trading, even as the company forecast strong 2022 revenue, betting that the pandemic-driven shift to online shopping will remain resilient. ....

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Alibaba issues upbeat annual forecast on strong e-commerce trend - Netscape Money & Business


Alibaba issues upbeat annual forecast on strong e-commerce trend
05/13/2021 12:00
(Reuters) -China s top e-commerce platform Alibaba Group Holding Ltd on Thursday forecast 2022 revenue above market expectations, betting that the broader pandemic-driven shift to online shopping will remain resilient.
But the strong outlook was overshadowed by a regulatory crackdown that resulted in the suspension of a $37 billion IPO of its affiliate Ant Group and a $2.8 billion fine for anti-competitive business practices.
The fine by China s markets regulator in April was the largest-ever of its kind.
Alibaba forecast annual revenue to be 930 billion yuan ($144.12 billion) for the fiscal year ended March 2022, above analysts average estimate of 928.25 billion yuan. ....

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Alibaba reports first operating loss as a public company


Alibaba reports first operating loss as a public company
By Reuters
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INTERNATIONAL - China s top e-commerce platform Alibaba Group Holding Ltd on Thursday reported its first quarterly operating loss since going public in 2014 due to a record anti-monopoly fine.
Its US-listed shares fell more than 3 percent in volatile premarket trading, even as the company forecast 2022 revenue above market expectations, betting that the broader pandemic-driven shift to online shopping will remain resilient.
But the strong outlook was overshadowed by a regulatory crackdown that resulted in the suspension of a $37 billion (R522.78 billion) IPO of its affiliate Ant Group and a $2.8 billion fine for anti-competitive business practices. ....

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