Alibaba’s logo seen at the company's headquarters in Hangzhou, the provincial capital of Zhejiang. Photo: Chinatopix via AP
Alibaba’s logo seen at the company's headquarters in Hangzhou, the provincial capital of Zhejiang. Photo: Chinatopix via AP
Alibaba

Alibaba earmarks 100 billion yuan towards China’s common prosperity goal, responding to call to narrow nation’s wealth gap

  • The allocation will be disbursed before 2025, according to a report by state-owned Zhejiang News
  • The fund will be used to promote investments in technology, support small businesses, foster development in rural areas and help gig workers

Alibaba’s logo seen at the company's headquarters in Hangzhou, the provincial capital of Zhejiang. Photo: Chinatopix via AP
Alibaba’s logo seen at the company's headquarters in Hangzhou, the provincial capital of Zhejiang. Photo: Chinatopix via AP
READ FULL ARTICLE