Published September 03, 2021 | View complete press releases list |
Date: September 03, 2021
Categories: Financial Technology
Keywords:
Alibaba Group has pledged RMB 100 billion ($15.5 billion) over five years towards President Xi Jinping’s “common prosperity” vision. The sum will be spread between ten initiatives encompassing technology investment and support for small companies. Alibaba is the latest tech giant to promise to give back to the Chinese economy, following Pinduoduo and Tencent Holdings, which previously pledged $1.5 billion and $15 billion respectively.
News source: Bloomberg
Alibaba Group has pledged RMB 100 billion ($15.5 billion) over five years towards President Xi Jinping’s “common prosperity” vision. The sum will be spread between ten initiatives encompassing technology investment and support for small companies. Alibaba is the latest tech giant to promise to give back to the Chinese economy, following Pinduoduo and Tencent Holdings, which previously pledged $1.5 billion and $15 billion respectively.
News source: Bloomberg
