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China tech

China's Big Tech vows to give back as Xi touts 'common prosperity'

Tencent and Pinduoduo unnerve investors with emphasis on social responsibility

Pinduoduo founder Colin Huang is among China tech CEOs donating their personal wealth   © Reuters

HONG KONG -- China's top internet companies have pledged billions of dollars for social goods in response to President Xi Jinping's call to share their wealth, in a sign of the big politically driven change in a sector already hit by Beijing's regulatory crackdown.

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