Country now comes before profit for tech giants in Xi Jinping's China

President Xi Jinping has increasingly emphasized the idea of "common prosperity" as the Communist Party tries to address the country's wealth gap

China’s biggest companies are starting to make a habit out of giving away their earnings.
 

In the latest example, Pinduoduo Inc., an e-commerce company known for giving big discounts to customers when they buy produce together, said it will donate all of its first net profit since going public to support the country’s farmers and agricultural areas. The company will keep giving away earnings at least until the donations reach 10 billion yuan ($1.5 billion).

“Improving agriculture has been at the front and center of our business from the very beginning. Agriculture touches the daily lives of everyone and has a