China's Alibaba to invest $15.5 billion for "common prosperity"

China's Alibaba to invest $15.5 billion for "common prosperity"

4 years ago
Anonymous $drS9DEX_Sj

https://www.reuters.com/article/china-alibaba-prosperity/chinas-alibaba-to-invest-15-5-billion-for-common-prosperity-idUSKBN2FY0TI

SHANGHAI (Reuters) -China's Alibaba Group will invest 100 billion yuan ($15.5 billion) by 2025 in support of "common prosperity", it said, becoming the latest corporate giant to pledge support for the initiative driven by President Xi Jinping.