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… as is massive anti-trust fine imposed by Chinese regulator for monopolistic practices
CEO Daniel Zhang eats humble pie.
… but stresses intent to double-down on cloud investments
China s Alibaba group has just announced its first quarterly loss since it became a listed company in 2014. In a conference call to investors following the disclosure, Daniel Zhang, the Chairman and CEO explained why. It s down to two factors; the fallout from Jack Ma getting on the wrong side of the Politburo and a major cloud customer taking its business elsewhere. The global pandemic barely gets a mention.
Mr, Zhang said, The slower revenue growth during the quarter was primarily due to revenue decline from a top cloud customer in the Internet industry. This customer, which has a sizeable presence outside of China that used our overseas cloud services in the past, has decided to terminate the relationship with respect to their international business due to non-product related requirements. E
Pretty Clean Shop
A sustainably minded health and beauty store in the Junction
Pretty Clean Shop dishwashing set ($35): “This bestselling set comes with a bar soap, bamboo soap dish, dish sponge and a pot scrubber or dish-washing scrub. It replaces plastic brushes and sponges, as well as dish soap packaged in disposable plastic containers,” says founder Miriam Juarez Alcaraz.
LeafShave razor ($120): “The Leaf razor is a great alternative for people are wary of double-edge razors. It’s a plastic-free and multi-blade metal razor, and it can be loaded with up to three pure steel blades,” Alcarez says.
A zero-waste grocery store on Dundas West
Margaret Reddekopp who runs the Clean Shoppe in Saskatoon, a family-owned dry cleaning business that’s been around for 25 years, said she was she was forced to lay off most of her staff when the COVID-19 pandemic first hit.