Chinese tech execs support ‘common prosperity’, helping SMEs at internet summit By Reuters

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© Reuters. FILE PHOTO: Alibaba Group CEO Daniel Zhang (Zhang Yong) speaks at the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, November 23, 2020. REUTERS/Aly Song/File Photo WUZHEN, China (Reuters) - Chinese technology executives, facing a crackdown (https://www.reuters.com/world/china/china-crackdown-wipes-hundreds-billions-off-top-companies-values-2021-09-13) by the authorities, pledged support on Sunday for Beijing's "common prosperity" drive and to help smaller companies. Alibaba (NYSE:) Group CEO Daniel Zhang, a prime target (https://www.reuters.com/business/media-telecom/crackdown-hit-alibaba-divest-5-stake-chinese-broadcaster-2021-09-24) of the broad crackdown, told a conference organised by China's top internet regulator that his company's $15 billion plan to boost common prosperity in China was "steadily advancing". Common prosperity - China's term for narrowing the gap between rich and poor - is "not just a number", Zhang said, stressi
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