Thursday, August 4, 2022

Alibaba revenue growth stagnates for the first time as a result of China's lockdowns

The slowdown adds to challenges facing China's e-commerce giant, which has enjoyed double-digit revenue growth almost every quarter since it went public in 2014, as it navigates Beijing's crackdown on tech companies as well as its scrutiny of founder Jack Ma.

from Gadgets Now https://ift.tt/khxjwOY

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Mercedes plans bigger India play with greater localisation of parts

Mercedes-Benz plans to increase its local manufacturing efforts while expanding its supplier base in India. The luxury carmaker expects to a...