candy game party
brilliant international gambling website platform
188bet link,365 account opening platform,790 lianhuanduobao,addicted with lianhuanduobao,animal tortoise slot machine,Asia City Ranking url,baccarat arrangement,baccarat free play,baccarat pailie,baccarat win a lot,bao2 international real money casino,beauty yongyinghui,bet007 instant scoring,betting old guy 11084,betway yankee,bodog alternate url,bons casino withdrawal,buy soccer lottery reliable website,candy party earning,car racing project give away bonus,casino 24 bet,casino na argentina,casumo game download,chess j wilson removals,classic rummy magic,cricket book dealers,cricket wala,crown vip club platform,dafa888 canoot login,dafa888.com sign up ,dezhouningjin galaxy road,dragon 7 baccarat,electronic entertainment ranking,electronic give away bonus game,esports players league,every time reload and get give away bonus,fishing qiangui entertainment,football lottery 365 website,football lottery favourite website,football lottery odds trick,football lottery quiz wins other,football lottery website record,formal soccer betting website address,fruit strawberry slot machine,g3 online casino,galaxy electronics zhongxian,galaxy jiule sign up station,gamble slot machine platform,gaming machine poker slot machine,give away bonus official website,golden sand casino mobile version,gouwan sports app download,h5 down points niuniu,happy soccer lottery optional 9 software,hong kong lisboa casino fengshui,how much higher the periphery than the soccer lottery,How to play baccarat to win money,huangxing entertainment account opening,intelligent football lottery app,Is online gambling legal,jiaduobao casino,jinpai entertainment roulette gambling,juxing entertainment main agent,laos gambling platform,leovegas app review,lianhuanduobao agent,lianhuanduobao reload,lisboa account opening url,lisboa niuniu platform,live casino hanover maryland,live roulette magnet,lottery bazar namaste,lottery zab,lovebet colorado,lovebet no deposit bonus,lovebet z polski,ludo mobile league,macau betting website,macau galaxy ladder website,macau golden sand sign up url,macau live stake website,macau ruifeng sign up,macau the venetian purchasing,manchester united betting,mg electronic gaming sign up give away bonus,mix fruits slot machine,mr billion prize winning chart,new bodog account opening,niuniu buyecheng app,o cessate,online betting exchange forum,Online chess and card game development,online game hack generator,online poker bonus,online slots deposit by phone bill,panda eating bamboo slot machine,phone invitation give away bonus,poker earning website,porn gambling golden sand,pt website give away bonus,quickteller lovebet,real money casino game collection,real people blogger,real person gambling url,rmb entertainment ,rule hamilton,rummy variants in hindi,sanguo slot machine 777,shengyang electronic slot machine,side bet gambling navigation,slot machine apps that pay real money,slot machine give away bonus website,slot machine tarzan gaming machine,slots y casinos online,soccer lottery fixed buy-end odds,soccer lottery software can't buy the ball,sports betting navigation website,sports minister of haryana,sportsbook websites,taihaobo electronic entertainment,texas holdem nettipokeri,The most professional football website,the venetian quiz,tiegan international sign up,tt entertainment alternate url,video game account opening bonus,wangpai international casino,weiying casino,what software is the chinese super football lottery,white gold international,World Preliminary European Schedule,xi'an celebrities electronic entertainment,xinquanxun betting entertainment,yifa real money fight the landlord,yongli top ten ranking,zhaoyingbo seen real people
,Alibaba lays off nearly 10K employees amid poor sales
candy game party
Alibaba lays off nearly 10K employees amid poor sales
Follow us on
Chinese tech conglomerate Alibaba has bid goodbye to nearly 10,000 employees in an effort to cut expenses amid sluggish sales and a slowing economy in the country, the media reported on Saturday.
According to South China Morning Post, more than 9,241 employees left Hangzhou-based Alibaba during the June quarter, as the company trimmed its overall headcount to 245,700.
"That put the total decrease in employee numbers for Alibaba, owner of the South China Morning Post, to 13,616 over the six months to June, marking the firm's first drop in payroll size since March 2016," the report noted.
Alibaba reported a 50 per cent drop in net income to 22.74 billion yuan (.4 billion) in the June quarter, down from 45.14 billion yuan in the same period last year.
"The reduced payroll reflects Alibaba's renewed efforts to cut expenses and drive up efficiency, as it faces continued regulatory pressure, sluggish consumption and a slowing economy in China, the world's biggest e-commerce market," the report noted.
Alibaba Chairman and CEO Daniel Zhang Yong said the company will add nearly 6,000 fresh university graduates to its headcount this year.
Last month, reports surfaced that billionaire Jack Ma is planning to give up his control of Ant Group amid pressure from the government regulators.
According to a report in Wall Street Journal, the move is aimed at part of the fintech giant's effort to move away from affiliate Alibaba Group Holding that is under immense scrutiny from the government.
Since last year, Chinese regulatory authorities have been cracking down harder on domestic tech giants like Alibaba and Ant Group to end their dominance in the internet sector.
According to the report, Ma could relinquish his control by transferring some of his voting power to other Ant officials, including Chief Executive Eric Jing.
Ma has controlled Ant since he carved its precursor assets out of Alibaba more than a decade ago.
Founded in 1999, Alibaba went through a major reshuffle when Ma passed the baton as CEO to Daniel Zhang in 2015 and further appointed him as Chairman in 2019.
ALSO READ | Alibaba, Antfin sell entire 43% stake in Paytm Mall for Rs 42 crore
ALSO READ | Elon Musk accuses Twitter of fraud in countersuit over abandoned billion deal