Alibaba, founded by Jack Ma, Joseph C Tsai, Peng Lei, Trudy Dai, Carthy Zhang Simon Xie, Jianhang Jin, Toto Sun, Ma Changwei and Shi Yufeng has taking the lead to be Asia’s e-commerce giant which also operate other various businesses such as Taobao, T Mall, 1688, Alimama, Ant Financial, Alibaba Cloud, Ali express and a lot more.
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A little about the Alibaba Group
With a strong vision and no whitepaper or strong written plan, Jack Ma who was a former English teacher was able to insight a future of commerce into the heart of 17 people from China and outside china. Jack Ma was able to share his belief about the internet possibilities and how it could be used to sell goods produced by Chinese entrepreneurs, businesses, manufacturers and exporters internationally with his team who caught the insight and decided to give it a shot. Alibaba lunched in 1999 and has since improved the economy of China.
China and Coronavirus
China, the most populous country in the world being an economic power has been experiencing a high growth in GDP due to the amount of locally produced goods that are being exported to other countries in the world. China being able to give fairly quality goods at a cheap price with the help of cheap labor from the citizens as well as readily available loans from banks, have become the choice of most countries, especially underdeveloped countries.
WHO report
In November 2019, An Outbreak of coronavirus occurred in Wuhan district of china. It is believed that the outbreak is a result of animal to human spread at first occurrence which has grown to become an epidemic due to human to human spread. COVID-19 as WHO officially gives novel coronavirus a name is a family of coronavirus that cause large forms of illness from respiratory illnesses like common cold to severe illnesses like acute respiratory syndrome (SARS-CoV) and middle-east respiratory syndrome (MERS-COV)
WHO report
WHO has said that the zoonotic epidemic like other zoonotic virus is linked to animals and COVID-19 is believed to be linked to Bats (Rhinolophus bat sub-species) which are common in southern china, Asia, the Middle East, Africa and Europe. With 500+ bats confirmed with corona virus in china, it is believed that the epidemic was linked to bats. It is not sure the outbreak started as bats are not sold largely in china markets, rather they are hunted by bat hunters who sell them to restaurants for food. It is unclear if the first intermediate host transmitted the virus through food, contact or respiration. WHO says this study is not confirmed yet but still a hypothesis, as research is done by medical researchers around the world to find the cause. It is believed that being able to find the animal cause will help stop the spread.
WHO report
Alibaba Group Support Chinese
A lot of businesses has shut down their branches in china provinces due to the increase in infected people, also has this affected a lot of Chinese companies stock market putting them in a tank. Companies such as Alibaba (BABA) JD.com (JD), Pinduoduo (PDD), Vipshop (VIPS) and Baidu (BIDU) are being affected with the outbreak of Coronavirus. The china stock market meltdown due to the virus will also make the government spend billions of dollars shoring up the price using state owned financing companies.
WHO report
Alibaba group has decided to help battle coronavirus by helping small and medium businesses affected in china. The group will be doing this by waiving some fees for merchants who use Alibaba e-commerce sites also, the groups says its affiliate Ant financial will be partnering with Alibaba to provide low financial services to online merchants who need finance for business.
