Logo 10 Sep 2021

Alibaba’s RMB 100 billion “common prosperity” pledge

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Alibaba would like you to know that not a single part of its RMB 100 billion "common prosperity" pledge will go towards lining its own coffers.

Frankly, the company is offended you would suggest such a thing.

On Wednesday, Hu Xiaoming, the point person for Alibaba’s philanthropic initiatives, to...