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But even Harry had to admit that his biggest challenge at Alibaba was "time management".
But first, the background: Over the past decade, income inequality has become an acute issue in Seattle as the booming tech industry generates big fortunes while middle- and low-income communities are squeezed. The coronavirus pandemic is exacerbating the issue. While thousands file for unemployment, knowledge workers are often able to make the remote shift without much disruption.
But Chinese brands, despite the home-field advantage, lost their market share during the decade. The downward spiral, compounded by the pandemic, is moving even deeper in 2020.
But just last month, Alibaba said it plans to invest billion into its cloud computing arm, called Aliyun, to challenge other cloud players like Amazon, Microsoft, Google and IBM.?To be sure, the cloud business is one of?Alibaba’s?fastest growing sectors. During the quarter, cloud revenues increased 106 percent year over year to million.
But because banks traditionally offered loans only to large-scale enterprises, families pooled their cash and organized informal lending societies to fund cash-strapped smaller businesses, backed by the trust born of their tight-knit community.
来源：资阳报