China#39;s Alibaba promises $15.5 billion for anti-poverty work

Alibaba said it will invest in 10 projects for job creation, “care for vulnerable groups” and technology innovation. Its 100 billion yuan ($15.5 billion) pledge includes 20 billion yuan ($12.5 billion) for a fund to “cut income inequality” in the company#39;s home province of Zhejiang, south of Shanghai.

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