China: The ‘big’ Series Technology Donates Billions Of Dollars After His Statement

Chinese large-tech corporations are unfortunate for charity activities and social projects after China President episode Quan Binh referred to 'Common prosperity' and 'Redemption of wealth In the country'.0: 00/3: 50 Southern National President of China. Quarter II / 2021 to contribute to the development of the agricultural sector and rural areas of China. Pinduoduo representation said the company will continue to donate at least until the amount reaches 10 billion yuan ( 1.5 billion USD) for these areas

. This is a big decision for Pinduoduo, the company listed on the Nasdaq in the US, because the second quarter is the first profit of the company as a business Pinduoduo's report is given in the context of China's series of billionaires and large Chinese corporations constantly spending a terrible amount to do charity and social projects. Before Oh Tencent Holdings technology said they created a fund worth 50 billion yuan (about 7.7 billion USD) to respond to the call of Chinese President of the Chinese President on the target of "Common prosperity"
Accordingly Tencent's statement, this fund is intended to increase income for low-income people, improve health care, helping to develop rural economy and basic education support. The company hopes this fund will promote "innovation in sustainable social values". As so, in the last 4 months, Tencent has spent a total of 100 billion yuan (more than 15 billion USD) for these Public activities. Earlier, Tencent invested 50 billion yuan in the early stages of the new strategy "creative sustainable social value", in order to find ways to solve social problems through technology and business. A branch of China Agriculture Bank in Zhejiang Province is also committed to providing 150 billion yuan (about US $ 13 billion) within 5 years for local businesses, to support scientific creativity, promote lifting urban urban level, serve rural rural, talented development ..., to join hands to "build a pioneer pilot area on common prosperity". In announcing in early August, Trade Group Alibaba electronics also stressed to promote rural rural rural, common and sustainable and sustainable green will be the core of its public utility and social responsibility next time. China target "prosperity General "According to Mr
Brock Silvers, Investment Director in Kaiyuan Capital (based in Hong Kong), may not be coincidentally when billionaires technology and large corporations China's active charity actively recently. The Silvers conjectures that these moves can be closely related to Beijing's Internet industry control campaign. New here, speaking before the committee Central Finance and Economics of the Chinese Communist Party on August 17, Chinese President Episode of the NEWs affirmed: "Common prosperity is prosperous of all people, not the prosperity of few Personal ". At the same time, Chinese leaders also gave a call to" reasonably adjust over too high earnings "and" encourage high-income groups and closer businesses to the community, temples A More For Society ". He practiced even the institute of" common prosperity "needs of Chinese people as a key factor for the Party to maintain power and bring the country to become a rich development country Strong comprehensive in 2049, celebrating the 100th anniversary of the new Chinese founding, because this is an important part of the target of 100 years Secondly of China. Do so, can understand the upcoming Chinese government will have more strong moves with huge property owners in this country such as forcing them to pay more taxes, help solve Income inequality ... The concept of "common prosperity" is often understood as fair-shared assets for people. Ensuring the "common prosperity" has become the main topic in political debates in China in recent months. The force created "common prosperity" can simultaneously create pressure on super rich gender And Chinese businesses.Theo analysts, this idea of the function contains in the latest regulations on the series of measures to manage technology companies, finance and education ... Moc Antheo Bloomberg

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