This morning, on one of the WEF’s live-streamed panels, Alibaba Holdings President J. Michael Evans claimed that the company is working on an app that could track an individual users carbon footprint.
The former-Goldman Sachs vice-chairman told the audience of the “Strategic Outlook: Responsible Consumption” panel:
We’re developing, through technology, an ability for consumers to measure their own carbon footprint. What does that mean? That’s where are they travelling, how are they travelling, what are they eating, what are they consuming on our platform. So: An individual carbon footprint tracker.”
Now, to clarify, Evans was only talking about Alibaba’s platform…but that’s a big platform.
The Chinese company is the second-largest e-commerce company in the world after Amazon, with revenues in excess of 715 billion Yuan in 2021 (that’s over 110 billion USD).
And they’re not just an e-commerce platform. Through their financial and technological service companies, Alibaba runs the largest domain name market, email provider and cloud storage services in China, and the largest payment platform in the world.
Through Alihealth they supply online pharmacy services, as well as providing computer technology to hospitals and clinics. Since they bought AutoNavi in 2014, they own the biggest e-map navigation company in China too.
Essentially, in China if you want to pay for something on the internet, you probably use Alibaba. If you want to order something online from a small business, you probably use Alibaba. If you want to sell your stuff second hand, you probably use Alibaba.
If you want to register a domain, go to a pharmacy, check into a hospital, send an email, use a map or GPS…you get the idea.
Alibaba’s computing sector is also a market leader in AI services, being the first payment platform to start using facial recognition technology to confirm payments in 2017.
Other projects on the go include “CityBrain”, an AI designed to scan cities and provide “streamlined” traffic services. Warning of potential accidents as well as making public transport more efficient, a clear move toward “Smart Cities”.
The company also has previous when it comes to “individual carbon footprint” apps. In 2017 their payment platform subsidiary Ant Financial Services was named 6th in Fortune’s “Change the World” list for its Ant Forest app.
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