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Alibaba Jumps Into China’s “Common Prosperity” Bandwagon With $15.5 Billion

Alibaba Group Common Prosperity NYSE:BABA

Chinese technology and e-commerce giant Alibaba Group Holding Ltd (NYSE:BABA) will invest $15.5 billion by 2025 in support of Chinese President Xi Jinping’s “common prosperity” initiative, according to local media. Q2 2021 hedge fund letters, conferences and more Support As reported by CNN, the funds from Alibaba will go to areas such as subsidies for […]

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