Alibaba supports the fight against COVID-19

Alibaba supports the fight against COVID-19 Worldwide, it has reached 3.4 billion yuan. June 5, 2020 - Alibaba Group Holding Co., Ltd. revealed that the company has been working to fight COVID-19 in the past. Globally, the total value is 3,400 million yuan, or about 15,000 million baht, of which 2,760 million yuan comes from Alibaba Group, while another 593 million yuan comes from Ant Financial. As a company that is concerned about society Alibaba is therefore using its resources to join the fight against the COVID-19 outbreak. both within and outside China fully In line with Alibaba's mission to make it easy for everyone to do business from anywhere around the world.


After COVID-19 The C Level Executive List outbreak began in January. Alibaba has sent emergency assistance. Go to Wuhan immediately. and announced measures to help sellers on the Alibaba platform, a total of 20 measures covering 6 areas, such as refraining from collecting processing fees from sellers Providing low interest loans or 0% and providing access to digital services Including accepting applications for flexible positions. All are aimed at helping SMEs overcome the crisis during the pandemic. Alibaba has also brought back the "Spring Thunder" initiative to support businesses and manufacturing in China to recover quickly. The project was first introduced in 2009 during the subprime crisis.



In this epidemic crisis, the Spring Thunder project has helped SMEs both in China and abroad reach more target groups. and stimulate sales within the country Help revive the agricultural sector throughout China. and help traditional industrial sectors adapt to digital formats In the first half of 2020, Alibaba has refrained from charging platform fees to Tmall sellers. The total amount is 610 million yuan or about 2,717 million baht. In addition, Taobao and Tmall are also collaborating with Cainiao, Alibaba Group's smart logistics network, to waive supply chain fees and logistics to sellers, amounting to 360 million yuan, or approximately 1,600 million baht, while MYBank has assisted SMEs in China by providing faster credit terms. Which is equivalent to more than 439 million yuan or approximately 1,956 million baht.