Alibaba explains how it will use its 100 billion yuan fund for “shared prosperity” – and points to “high quality growth” for all

Alibaba explains how it will use its 100 billion yuan fund for “shared prosperity” – and points to “high quality growth” for all




Chinese e-commerce giant Alibaba Group Holding’s pledge of 100 billion yuan ($ 15.5 billion) to reduce the country’s wealth is not just about giving away money – it aims to build programs that can help “make the cake bigger”. said the head of Alibaba’s charity. Aside from the 20 billion yuan earmarked for Alibaba’s home province of Zhejiang, most of the remaining 80 billion yuan will be open to programs that can take advantage of Alibaba’s great platform, Simon Hu….

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Chinese e-commerce giant Alibaba Group Holding’s pledge of 100 billion yuan ($ 15.5 billion) to reduce the country’s wealth is not just about giving away money – it aims to build programs that can help “make the cake bigger”. said the head of Alibaba’s charity. Aside from the 20 billion yuan earmarked for Alibaba’s home province of Zhejiang, most of the remaining 80 billion yuan will be open to programs that can take advantage of Alibaba’s great platform, Simon Hu….

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