Tech Tycoons Embrace Philanthropy as China Pushes for “Common Prosperity”
On August 24, Pinduoduo, China’s largest online consumer retailer, pledged to donate all of its net profit since going public and future earnings to support the country’s farmers and agriculture area until it’s given away a total of 10 billion yuan (about $1.542 billion).
“Agriculture has long been at the heart of Pinduoduo’s corpor…
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