25 February 2024

1. Alibaba ESG Report 2023: Creating over 70 million job opportunities]

Alibaba’s ESG Report released on July 24 said the group’s carbon dioxide emissions in its own operations (Scope 1+2) reached 4.681 million tonnes, a year-on-year decrease of 12.9%, and carbon intensity across its value chain (Scope 3) decreased by 5.7% year-on-year.  The Internet giant also said its ecosystem directly or indirectly created over 70 million job opportunities, and more than 200,000 sellers around the world reached over 47 million buyers from over 190 countries and regions through Alibaba.com.

2. Oriental Selection makes a strong comeback after running its on app

CEO of Oriental Selection expressed appreciation to Douyin that contributed to its previous growth on July 28, saying the company faced a shutdown in livestreaming due to violation of Douyin’s rules. Now depending on its own app, Oriental Selection reached a gross merchandise volume of 30 million yuan on July 27 and over 80 million yuan in three days. 

 3. Douyin moves into tourism sector

On July 21, Enterprise Search qichacha showed that Chengdu Hai Kuo Tian Kong Travel Agency Co Ltd was registered as a wholly-owned subsidiary of Chengdu Guanghe Xinhao Technology Co Ltd, which is indirectly wholly-owned by Douyin Group (HK) Limited.

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