China’s Big Tech answers Xi’s call for ‘common prosperity’ as Tencent, Meituan and Pinduoduo launch new initiatives

//China’s Big Tech answers Xi’s call for ‘common prosperity’ as Tencent, Meituan and Pinduoduo launch new initiatives

China’s Big Tech answers Xi’s call for ‘common prosperity’ as Tencent, Meituan and Pinduoduo launch new initiatives

China’s tech giants are rushing to answer President Xi Jinping’s call to contribute to the country’s “common prosperity” amid a crackdown on the sector that has left companies reeling and entrepreneurs keeping a low profile.In August, Xi called on companies to help pursue the goal by “adjusting” high incomes and encouraging wealthy individuals and companies to “give back to society”. China’s tech entrepreneurs, whose net worths have ballooned in the past decade, were quick to respond.Wang Xing,…

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By | 2021-09-01T13:15:08+00:00 September 1st, 2021|Technology|Comments Off on China’s Big Tech answers Xi’s call for ‘common prosperity’ as Tencent, Meituan and Pinduoduo launch new initiatives