Alibaba Group's recent $7.1 billion fine in payments has raised questions about whether the company is really focused on tech innovation. Previously, Ali had announced that its DAMO Academy would invest 100 billion yuan, and hoped to promote the development of science and technology through this initiative. However, in the current situation, we have to reflect on Ali's true intentions.
First, Alibaba, an e-commerce start, has expanded its reach over the past few years. Although they claim to focus on the research of science and technology, they are actually more focused on the development of the financial field, such as products such as Huabei and Borrowing. These services are considered to be a means of trapping money, more like Alibaba's strategy to find new profit growth points.
In addition, Ali's involvement in the chip field has also caused doubts. While the company says they are working on chip technology, some see it as just a front with the real purpose of diverting the public eye to cover up their problems in other areas. Many people are puzzled by this ambiguity and question whether Ali is really investing enough resources and effort into scientific and technological research.
Most importantly, the fines faced by Alibaba have made many netizens online begin to doubt the company's business ethics and integrity. A company based on technological innovation should focus on compliance and compliance with laws and regulations, rather than being fined billions. It has also led to doubts about Alibaba's other promises and declarations, as past actions have cast questions about their integrity.
In short, the problems Alibaba Group is currently facing have raised public doubts about its intentions for technological innovation. While they have financial products such as Huabei and borrowing, they have not invested enough resources to support scientific and technological research. In addition, their involvement in the chip field also lacks transparency and is more like a disguised move. The high fines companies face highlight their business ethics issues. Alibaba needs to seriously rethink the way it does business and prove to the public that it really cares about and invests in technological innovation, rather than just seeking the means to maximize profits.