Dec 2, 2017

Alibaba launches US$1.5 billion fund to help fight poverty in China

Posted by in category: futurism

At a conference attended by the company’s 36 partners at its headquarters in Hangzhou, executive chairman Jack Ma announced it would set up the Alibaba Poverty Relief Fund, with the money to be donated over the next five years.

Jack Ma says commitment to poverty relief was inspired by Deng Xiaoping.

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