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Alibaba Raised Staff Salaries Instead Of Leaders

A Reuters source revealed that Alibaba has delayed raising salaries for leaders. Instead, they raise employees' salaries to preserve the workforce.

Sunday, 2 May 2021

/ by Ella Rose
According to four Reuters sources, hundreds of senior Alibaba executives are not in line for a raise this year, unless they perform extremely well. However, the income of lower-level employees increased significantly.

The move is contrary to the practice at Alibaba, which has been at the heart of the Chinese authorities' several months of crackdown on Big Tech. Over the years, the leadership class has typically received a salary increase of 5 to 10 percent per year and also bonuses in stock.

By 2020, Alibaba employs more than 252,000 employees, operating in e-commerce, cloud computing, logistics, and entertainment. Usually, the company makes a decision to raise wages for most of its workers in April. Jack Ma's "empire" has been closely watched since the billionaire publicly criticized the country's regulatory system last October.

In early April, Alibaba was fined a record 18 billion yuan ($2.78 billion) after an investigation concluded the company took advantage of its monopoly position, requiring retailers to commit not to sell products on Other online shopping platform.

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