Alibaba is cutting 7% of the workforce ... This comes after it announced plans in March to split the company into six business units each with their own chief executive and board of directors.
Chinese stocks rose today on the belief that the Chinese government may soon inject more stimulus into the economy.
The development is part of Alibaba's announcement earlier this year of plans to restructure into six units, following a two-year regulatory crackdown on China's tech sector. Alibaba's cloud ...
Alibaba Group planned to split into six business groups and launch separate public listings, triggering mass layoff, ...
This year’s festival takes place amid corporate reshuffles and fierce competition in the e-commerce sector, and as China’s ...
Alibaba, which owns the South China Morning Post, said its six ... unit at some point in the next year through a “stock dividend distribution to shareholders”, turning its cloud business into ...
Chinese Internet giant Alibaba is cutting about 7 percent of its workforce. The company plans to have separate IPOs for ...
Back in March this year, the company employed 2,35,000 people. It then decided to split the Alibaba Group into six units: Cloud Intelligence Group, Taobao Tmall Commerce Group, Local Services ...
Group on Friday denied speculations of mass layoffs, saying it is committed to hire 15,000 new employees this year, the media reported. Earlier reports claimed that Alibaba Cloud is slashing 7 per ...
The development is part of Alibaba's announcement earlier this year of plans to restructure into six units, following a two-year regulatory crackdown on China's tech sector. Alibaba's cloud ...
Last week, Alibaba CEO Daniel Zhang had detailed the restructuring of its Cloud division. Earlier, the Chinese tech giant said it was planning to split the company into six business units ...
The development is part of Alibaba's announcement earlier this year of plans to restructure into six units, following a two-year regulatory crackdown on China's tech sector. Alibaba's cloud ...
