Caixin Global – Latest China News & Headlines

Home >


CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

Medtech Startup StoneWise Raises $100 Million to Promote Use of AI in Drug Development
Plus Accelerates Uptake of its Autonomous Truck Tech with Italian IVECO Deal
Trending in China: Farmer Given Suspended Jail Time For Felling Own Trees – Social Media Chimes In
‘Tickets Please!’ Baidu Allowed to Charge for Robobus Service in Chongqing
Didi Reportedly Looking to List in U.S. as Soon as July
China’s NEV Sales Balloon in First Quarter on Strong Demand from Individual Consumers
Honor of Kings Beats PUBG Mobile as World’s Highest-Earning Mobile Game in March
Didi to Expand New Logistics Service From 8 to 19 Cities in China
China’s Li Auto Raises $750 Million Through Bond Sale to Fund Electric Car Development
Plant-Based Food Firm Beyond Meat to Open Plant Based in China
iFlyTek Hopes to Cash in on Pandemic Driven Demand for AI Services and Devices
Joint Alibaba and Russian Online Retailer AliExpress Plans IPO as Early as 2022: Report
Trending in China: ‘Easy to Buy, Hard to Redeem’ – Airline Pandemic Related Coupons Under Fire
Tesla Counters Spying Concerns Saying Car Cameras Not Activated Outside North America
Reinventing In-Car CB Radio or Cutting-Edge Tech? Clubhouse-Like Features Built into Xpeng Cars
Smart Projector and Laser TV Startup Xgimi Predicts Big Profits
Trending in China: Speculators or Trading Apps — Who’s to Blame for $7,000 Sneakers?
Nio and Xpeng Both Set Quarterly Records But Still Lag Behind Tesla
Call of Duty Mobile Developer Outplays Games Publisher as Timi Studio Earns More Than Activision Blizzard
TSMC to Beef Up Chip Production Capacity with $100 Billion Investment Plan
Ant Group Targets Carbon Neutrality by 2030

By Ding Yi / Mar 15, 2021 06:08 PM / Environment

Alibaba’s fintech arm Ant Group has announced plans to become carbon neutral by 2030, following a government call for companies to use advanced technologies to reduce emissions.

Ant Group will set up a fund to fund research and development of renewable energy and other green technologies, and will explore ways to use emerging blockchain technology to track its carbon reduction process in order to reach the proposed target, the company said in a statement released on Friday.

In a separate WeChat post issued the same day, Hangzhou-based Ant Group said that it will modify its existing buildings to raise their energy efficiency level and construct new facilities in accordance with China’s green building standards in efforts to meet its 2030 goal.

Meanwhile, an incentive mechanism will be established to encourage employees to follow low-carbon work practices, and technologies like liquid cooling will be used to reduce emissions in its data centers, Ant Group said in the WeChat post.

In September last year, Chinese President Xi Jinping pledged that China would reach peak carbon emissions by 2030 and carbon neutrality by 2060.

Besides Ant Group, many other companies, especially those in the tech sector, have also promised to contribute to the realization of the Chinese government’s environmental goals.

In January this year, internet giant Tencent unveiled plans to use its artificial intelligence and cloud computing technologies to reduce carbon emissions in its office buildings and data centers.

Contact reporter Ding Yi (

Related: China’s Iron Ore Futures Sag on Steel Curbs, Carbon-Cutting Worries

Share this article
Open WeChat and scan the QR code