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Alibaba pledges $15.5 billion to help China achieve 'common prosperity'

September 5, 2021
Source: hksar.org hksar.org
News Snapshot:
The tech giant announced Friday that it would spend the staggering sum by 2025 with an eye on five priorities: innovation in technology, economic development, the creation of "high-quality employment," supporting vulnerable communities, and setting up a special development fund. The company also laid out 10 specific goals it plans to tackle, from increasing technological investment in the country's less developed regions to improving the welfare of gig economy workers to working to speed up the growth of small businesses and agriculture. [Alibaba](tag?_=alibaba) is also setting up what it's calling the "Prosperity Advancement Working Committee," which will be helmed by...
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