Alibaba Lists Over 2,000 Jobs Signalling End Of Xi Jinping's Tech Crackdown
Portfolio Pulse from Benzinga Neuro
Alibaba's Taotian Group has announced a significant recruitment drive, listing over 2,000 job positions across various sectors. This move comes amidst a high youth unemployment rate in China and follows a period of job cuts in China's tech sector due to a regulatory crackdown. Alibaba Holdings (NYSE:BABA) also announced plans in May to hire 15,000 new employees this year.

August 21, 2023 | 9:50 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Alibaba's significant recruitment drive and plans to hire 15,000 new employees this year may signal a positive shift in the company's growth and stability.
The announcement of a significant recruitment drive and hiring plans by Alibaba indicates a potential growth and stability in the company. This could positively impact the company's stock as it shows a recovery from the regulatory crackdown.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100