Chinese tech execs support 'common prosperity', helping SMEs at internet summit

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WUZHEN, China (Reuters) - Chinese technology executives, facing a crackdown (https://ift.tt/3hrLsrH) by the authorities, pledged support on Sunday for Beijing's "common prosperity" drive and to help smaller companies.
Alibaba Group CEO Daniel Zhang, a prime target (https://ift.tt/3m2Mc7N) 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, stressing the importance of helping local talent in poor regions to "teach a man to fish".
The World Internet Conference in Wuzhen in eastern China is organised by the Cyberspace Administration of China. The conference in the past has drawn such foreign executives as Tim Cook and Sundar Pichai, but overseas attendance was ...


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