• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

China’s Alibaba to invest $15.5 billion towards “common prosperity”

September 2, 2021 by David Barret Leave a Comment

September 2, 2021

SHANGHAI (Reuters) – Chinese e-commerce giant Alibaba Group will invest 100 billion yuan ($15.5 billion) by 2025 in support of “common prosperity”, the government-backed newspaper Zhejiang Daily reported on Thursday.

Alibaba’s investment will go towards supporting small and medium enterprises and agriculture, and towards setting up a 20 billion yuan “common prosperity development fund”, said the newspaper, based in the province where Alibaba’s headquarters are housed.

An Alibaba spokesperson confirmed the news.

($1 = 6.4613 Chinese yuan renminbi)

(Reporting by Brenda Goh; Editing by Edmund Blair)

Source Link China’s Alibaba to invest $15.5 billion towards “common prosperity”

David Barret
David Barret

Related posts:

  1. Windows Server 2022 gets full general release
  2. France fines U.S. bank JP Morgan $29.6 million in tax fraud settlement
  3. Russian editor decries ‘destruction of media’ before election
  4. Panamanian-flagged tanker seized in Indonesian waters

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • The Maya Calendar Had A Way To Predict Eclipses That Was Accurate For Centuries
  • “Elon Owes You $100”: Musk’s SpaceX Settles Lawsuit With Cards Against Humanity
  • Eyes To The Skies! The Special Orionids Meteor Shower Peaks Tonight
  • Flying Spiders Are Real, But It’s Not As Frightening As It Sounds
  • It Can Rain Monkeys In Florida, And The Reason Why Dates Back To The 1930s
  • New “Ghost Particles” Data Hints At Why The Universe Is Not Made Of Antimatter
  • Human Hybrids May Have Been A Hidden Factor In The Extinction Of Neanderthals
  • Elon Musk’s Classified “Starshield” Satellites Are Emitting An Unusual Signal, Amateur Astronomer Finds
  • Getting To Uranus Could Take Half The Time With SpaceX’s Starship
  • Wind Phones: Does Talking To The Dead Really Help With Grief?
  • Fight, Flight, Or Fall Over: Meet The Myotonic Goat
  • JWST Confirms Day-Long Gamma-Ray Burst Was The Most Energetic Event Humanity Has Witnessed
  • These Birds Self-Cannibalize Their Own Organs To Complete Their Non-Stop 11,000-Kilometer Migration
  • “I’ve Never Seen This Happen Before”: Space Junk Found In Western Australian Desert Reported To Have Landed On Fire
  • Armadillo Girdled Lizards Turn Themselves Into An Ouroboros To Protect Their Underbelly
  • Opium Found In Rare Ancient Egyptian Vase Dedicated To “Great King” Xerxes
  • COVID-19 mRNA Vaccines Boosted Survival Almost 5-Fold In Some Cancer Patients
  • Sleuths Uncover Hidden Message In CIA’s Mysterious Kryptos Sculpture After 35 Years
  • Meat-Eating In US Cities Emits 329 Million Tons Of Carbon – But This Could Be Cut In Half
  • The World’s Oldest Known Chimpanzee Is Over 80 Years Old, And He’s Our Favorite Chill Childminder
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version