BEIJING: Chinese Internet companies, including Alibaba Group Holding Ltd, Tencent Holdings Ltd and JD, are reportedly downsizing, amid economic downward pressure and a complex external environment, but they are still stepping up recruitment efforts for skilled talent in research and development.
Industry experts said tech heavyweights are adjusting development strategies, optimising organisational structure and shifting their focus to operational efficiency-oriented business model, with an emphasis on long-term, sustainable growth.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
