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Published on: 06. September 2021

China's tech giants invest in 'common prosperity'

Alibaba, Tencent, and other major corporations came under heightened scrutiny by Beijing regulators. They are trying to win back the favor of President Xi Jinping with donations worth billions. The latter wants to redistribute wealth with a major campaign. Some economists warn that he could push it too far.

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Last updated: 24. July 2025
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