On September 2, Alibaba Group announced that it has launched the "Ten Initiatives to Promote Common Prosperity" and will invest a total of 100 billion yuan by 2025 to help common prosperity. After the news was released, the pre-market share price of Alibaba jumped more than 4%.
"Common prosperity" is the focus of recent market attention. On August 17, the tenth meeting of the Central Finance and Economics Committee emphasized that we must adhere to the people-centered development philosophy, promote common prosperity in high-quality development, and correctly handle the relationship between efficiency and fairness. Prior to this, Tencent also announced twice this year that it would invest a total of 100 billion yuan in continuous exploration in enhancing social well-being and helping common prosperity.
Ali invested 100 billion yuan in five years to help common prosperity
According to Zhejiang News reported on September 2, Ali has launched "Alibaba's Ten Major Actions for Common Wealth" and will invest 100 billion yuan in total by 2025 , Help common prosperity. In order to promote the implementation of the ten major actions, Ali will set up a special permanent organization.
It is understood that Ali's ten major actions to help common prosperity will be carried out around five major directions, namely technological innovation, economic development, high-quality employment, care for disadvantaged groups, and common prosperity development fund. For example, in terms of supporting small, medium and micro enterprises, the company will reduce the daily operating costs of small, medium and micro enterprises and provide operating subsidies to promote the healthy development of small, medium and micro enterprises. In order to support SMEs going overseas, the company will promote the construction of "green channels for cross-border trade".
It is worth noting that this investment involves helping to improve the welfare protection of flexible employment groups, such as increasing the protection of commercial insurance such as couriers, riders, and online car-hailing drivers. Start the young people's entrepreneurial support plan, provide diversified vocational skills training, etc. Narrow the digital divide and strengthen services and guarantees for the disadvantaged. Such as promoting more special groups of people "employment on the cloud", optimizing the digital life experience of the elderly, and establishing a child critical illness relief fund.
news shows that Alibaba has increased its investment in science and technology to support digital construction in underdeveloped areas. For example, the establishment of a technology industry fund to promote digital construction in underdeveloped areas and deep integration with the real economy,Establish scientific and technological talent fund and reward plan, etc. In addition, the company will set up a 20 billion Common Wealth Development Fund to promote the construction of a common prosperity demonstration zone and explore and demonstrate the realization of common prosperity across the country.
Alibaba’s profit in the second quarter exceeded RMB 40 billion
The latest financial report shows that in the second quarter of 2021, the first quarter of fiscal year 2022, Alibaba Group’s revenue increased by 34% year-on-year to RMB 205.740 billion, mainly due to The steady revenue growth of China's retail commerce business, rookie logistics business and cross-border and global retail commerce business revenue growth. In the quarter, the group's non-GAAP net profit increased by 10% year-on-year to RMB 43.441 billion.
Chairman and CEO of Alibaba Group Zhang Yong pointed out in the letter to shareholders that platform-based enterprises have natural social and public attributes. "What we should think more deeply is how much social value we can create, how much core technology issues we can participate in, how to better support the development of rural revitalization, how to become greener and more sustainable, and thus, with the heart of a platform, Gather the power of all parties to be a truly responsible and responsible company."
Tencent invested 50 billion yuan twice in succession
On April 19 this year, Tencent proposed "Sustainable Social Value Innovation" "Strategy, and announced that it will invest 50 billion yuan in this first phase to establish a "Sustainable Social Value Business Unit" to promote the implementation of the strategy. This 50 billion yuan will be used for sustainable social value innovation, including basic science, education innovation, rural revitalization, carbon neutrality, FEW (food, energy and water), public emergency, senior care technology, and public welfare digitalization. explore.
On August 18, Tencent announced another increase of 50 billion yuan in funding, launching the "Common Wealth Special Plan", and in-depth integration of its own digital and technological capabilities, in such areas as rural revitalization, low-income population income, improve the primary medical system, education Provide continuous assistance in the areas of people's livelihood such as balanced development. This means that within four months,Tencent has continuously planned to invest 100 billion yuan in continuous exploration in enhancing social well-being and helping common prosperity.
Tencent stated that the first phase of 50 billion yuan invested in the “Sustainable Social Value Innovation” project in April focuses more on basic science, education innovation, carbon neutrality, FEW (food, energy and water), pension technology and Forward-looking exploration in areas such as public welfare digitization. The "Special Plan for Common Prosperity" is even more concerned, focusing on driving low-income income, helping improve medical assistance, promoting rural economic efficiency, funding inclusive education and sharing, and other areas that will actually bring and help the wealthy. , Provide continuous support.
financial report shows that in the second quarter of this year, Tencent achieved a net profit (Non-IFRS) of 34.039 billion yuan, a year-on-year increase of 13%, which was the slowest growth rate for several consecutive quarters. In 2020, Tencent’s revenue was 482.06 billion yuan, a year-on-year increase of 28%, and its net profit was 122.742 billion yuan, a year-on-year increase of 30%.
Han Wenxiu, deputy director of the Central Finance Office:
Common prosperity is not "killing the rich and helping the poor"
In July this year, "Zhejiang High-quality Development and Construction of Common Prosperity Demonstration Zone Implementation Plan (2021-2025)" ( Hereinafter referred to as the "Plan") was officially released. The "Plan" proposes to take the lead in basically establishing an institutional mechanism and policy framework to promote common prosperity, and strive to become a provincial model for exploring the reform of common prosperity. By 2025, the promotion of Zhejiang's high-quality development and the construction of a common prosperity demonstration zone will achieve obvious substantive progress, and will form phased landmark results. Residents' per capita disposable income reached 75,000 yuan, labor remuneration accounted for more than 50% of GDP, and the ratio of residents' per capita disposable income to per capita GDP continued to increase.
In the area of resident income, the "Plan" proposes to implement a plan to double the income of residents and middle-income groups and implement a plan to double the income of residents in ten years. Innovate the income distribution system of public institutions, establish and improve the mechanism of determining salary based on position and performance. Encourage legally innovative financial products that support the development of the real economy and enable people to share value-added benefits, and support enterprises to implement flexible and diverse equity incentives and employee stock ownership plans,Encourage listed companies to increase the proportion of cash dividends.
On August 17, the tenth meeting of the Central Finance and Economics Committee emphasized that common prosperity is the prosperity of all the people. It is the prosperity of the people's material and spiritual lives. It is not the prosperity of a few people, nor is it uniform egalitarianism. Promote common prosperity in stages. We must adhere to the people-centered development philosophy, promote common prosperity in high-quality development, correctly handle the relationship between efficiency and fairness, build basic institutional arrangements for the coordination of primary distribution, redistribution, and three distributions, and increase taxation, social security, and social security. Adjust the intensity and accuracy of transfer payments, expand the proportion of middle-income groups, increase the incomes of low-income groups, rationally regulate high incomes, ban illegal incomes, form an olive-shaped distribution structure with large middle and small ends, promote social fairness and justice, and promote people The all-round development of the People’s Republic of China has enabled all people to make solid progress towards the goal of common prosperity.
Han Wenxiu, deputy director of the Central Finance Office, said in response to reporters that common prosperity is not uniform egalitarianism. Equal prosperity is not "killing the rich and helping the poor." On the basis of building a well-off society in an all-round way, we must continue to make it bigger. The cake and the cake are divided into two things. To solidly advance the equalization of 's basic public services , insist on doing our best and doing what we can to prevent falling into the trap of welfarism. We cannot wait and rely on it, and we cannot raise lazy people. It is necessary to build basic institutional arrangements for the coordination of primary distribution, redistribution, and three distributions, increase taxation, social security, transfer payments, and other adjustments, expand middle-income groups, and form an olive-shaped distribution structure with a large middle and a small two ends.
editor: Ye Shuyun
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