[Life Style] Alibaba of China invests $ 15.5 billion for “common prosperity” NS Reuters API Published September 2, 2021 Chinese [Alibaba](//us.fashionnetwork.com/tags-alibaba) Group said to be the latest of the company giant that pledged to invest 100 billion yuan (155 billion dollars) in order to support the “common prosperity” in 2025, an initiative that Xi Jinping president led. Beijing has encouraged businesses to share wealth as part of their efforts to mitigate inequality in the world’s second-largest economy. For other companies that made similar announcements, [Tencent](//us.fashionnetwork.com/tags-tencent) Holdings and Giri Automobile also promised 100 billion yuan. According to the government-backed Zhejiang News...