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Pinduoduo

Feature

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.

By Redaktion Table

Opinion

China's private initiative deficit

Star US economist Stephen Roach has long defended the future viability of China's tech sector. But the recent crackdown on innovation leaders by the government has him doubting.

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Feature

Zhong Shanshan: rich thanks to mineral water

It hasn't been a good year for Jack Ma – or for his billion-dollar fortune. Three countrymen have overtaken the Alibaba founder in the rich ranking. The richest Chinese is now 66-year-old Zhong Shanshan. He made his money not with a tech company or real estate but to a large extent with mineral water.

By Redaktion Table