Alibaba to invest 100 billion RMB by 2025 for common prosperity

Chinese e-commerce giant Alibaba Group announced on Thursday 2 September that the company is pledging to invest 100 billion RMB ($15.5 billion) by 2025 in support of China’s dream for “common prosperity” and reducing wealth inequality. Alibaba will use the funds to invest in science and technology, support small and medium-sized companies to enter the … Continue reading Alibaba to invest 100 billion RMB by 2025 for common prosperity