Economy

Since the end of last year, the Chinese government has decided to attack the tech giants that monopolize a big part of the economy in China. Jack Ma, co-founder of the Alibaba platform, has been prosecuted since December and has even been fined a record 2.78 billion dollars. Admittedly, the company's profits are high enough to shock. Ant Group, Alibaba's online payment subsidiary Ant Group, established in 2014, is a former spinoff of Alibaba, which remains the largest shareholder. The group manages Alibaba's financial services and online payments. In the first half of last year, the subsidiary... More...

The rise of online casinos has seen a significant shift in the traditional gambling landscape. This shift has been particularly evident in Latvia, where the online casino market has witnessed exponential growth in the recent years. The economic impact of this thriving industry, however, is a topic that warrants further exploration. In this article, we will delve into the financial contributions of online casinos to Latvia's economy, their influence on employment, and the potential implications for the country's socioeconomic fabric. This exploration will not only shed light on the economic be... More...