Alibaba’s Chinas’ Earnings Expose Uneven Recovery Worldwide For Countries Around The World
China’s Alibaba profits tumble, reliance inks partnership with Asos in India, Ghana second hand clothing dispute waste claims. Brazil leather and footwear industries hit by floods and overcame by China. Tencent soars by 62% compared to NeatEase profits that soars 58%. Burberry declines 12% while India Safari Industries posts 13.4% increase in last quarter. Channel cruises in Hong Kong, while China social networks remove content that ‘flaunts wealth’. India’s cosmetic brand Colorbrand goes public, with Modi as managing director. Chilean retailer Ripley reports 6.5% revenue in 1Q. Egyptian’s Rachid launches Swiss-Italian brand, while Australia Williams designs Paralympic team uniforms. Piaget Chinese actress Tong Yao as Ambassador.