China’s Alibaba to Invest Billions by 2025 For ‘Common Prosperity’
By: The Guardian September 3, 2021 China’s Alibaba Group will invest 100bn yuan ($15.5bn) by 2025 in support of “common prosperity”, it said, becoming the latest corporate giant to pledge support for the initiative driven by the president, Xi Jinping. Beijing has been encouraging companies to share wealth as part of the effort to […]