Morningstar moves Shenzhen jobs abroad
Morningstar Inc. is slashing a significant portion of its workforce in Shenzhen and relocating jobs to other countries as part of a restructuring exercise in China, a retreat that reflects a growing...
View ArticleAlibaba fires 10,000 staff in three months
Chinese e-commerce giant Alibaba Group Holding let go of 9,241 employees in the three months to June, according to the company’s latest filing, reports Caixin. The Hangzhou-based firm reported it had...
View ArticleChina pays out $5.4bn in unemployment in June
Spending by China’s unemployment insurance system reached a monthly record in June on increased benefits to the jobless and payments to employers that kept workers on the payroll, reports Nikkei Asia....
View ArticleBilibili increases recruitment in SEAsia
Video-sharing services provider Bilibili is ratcheting up its recruitment of fresh graduates across Southeast Asia, as the Shanghai-based company joins other Chinese tech firms that are expanding in...
View ArticleChinese scientists leaving US universities
An increasing number of scientists and engineers of Chinese descent are giving up tenured positions at top-tier American universities to leave for China or elsewhere, in a sign of the US’s fading...
View ArticleJob cuts for Morningstar in Shenzhen
Financial services company Morningstar is slashing a significant portion of its workforce in Shenzhen and relocating jobs to other countries as part of a restructuring exercise in China, a retreat...
View ArticleMore job cuts for Tencent
Chinese tech giant Tencent Holdings has begun a new round of job cuts targeted at its video streaming, gaming and cloud businesses, four sources close to the matter said, reports Reuters. The sources...
View ArticleMore tech lay-offs in China
Job losses in China’s technology sector show no sign of easing as 2022 nears its end, with video-streaming platform Bilibili and Twitter-like microblogging service Weibo laying off hundreds of...
View ArticleChina urban jobless rate reaches 5.7%
The surveyed unemployment rate among China’s urban workers expanded to 5.7% in November from 5.5% the previous month as spreading Covid outbreaks hit major cities, reports Caixin. The November figure...
View ArticleShort video services helping workers find jobs
Short video apps are becoming the second-most popular channel for China’s 400 million blue-collar workers to look for jobs, according to a report by think tank Center for China New Employment Models...
View ArticleDidi Chuxing undergoing lay-offs – SCMP
Chinese ride-hailing giant Didi Chuxing has initiated a new round of lay-offs affecting hundreds of jobs, according to two people familiar with the matter, as the country’s Big Tech companies continue...
View ArticleByteDance VR unit cuts jobs
ByteDance’s virtual reality headset maker Pico is conducting a round of lay-offs expected to affect hundreds of employees, according to two people familiar with the matter, hitting a subsidiary once...
View ArticleChina urban employment declines in 2022
China’s urban employment fell for the first time in six decades last year and per capita spending also marked a rare decline, as harsh COVID-19 curbs ravaged the world’s second-biggest economy,...
View ArticleInternational school boom in China fades
International schools are targeting a growing middle-class in Asia, Africa and the Middle East after COVID-19 restrictions and clampdowns on foreign education stalled a boom in expansion in China,...
View ArticleChinese firms plan to ramp up hiring
Chinese companies plan to ramp up hiring in the coming year as the economy rebounds and operations return to normal following the end of Covid restrictions, S&P Global said, reports Caixin. The...
View ArticleChina employment levels still struggling
Unemployment in China is on the rise despite the government having ended its strict zero-COVID restrictions in December, as the economic boost from the shift fails to reach the country’s smaller...
View ArticleChina embarks on graduate recruitment drive
China is launching an annual recruitment of college graduates in large and midsize cities, the official Xinhua news agency said on Sunday, as authorities double down on efforts to meet a more...
View ArticleLinkedIn to phase out China local jobs app
LinkedIn, the social media network owned by Microsoft Corp that focuses on business professionals, said on Monday it would cut 716 jobs as part of broader changes that would also result in it phasing...
View ArticleAlibaba pledges to hire 15,000 in 2023
Chinese e-commerce giant Alibaba Group Holding has denied speculation that it is planning mass lay-offs and pledged to hire 15,000 new employees in 2023, after media reports that it is cutting 7% of...
View ArticleTuition fees up by over half for some Chinese universities
Chinese universities are drastically increasing tuition fees this year, with some making their first rises in two decades, hurt by a reduced national budget for tertiary education and tight local...
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