Alibaba freezes executive pay rises amid China's curbs on big tech: sources

Alibaba freezes executive pay rises amid China's curbs on big tech: sources

3 years ago
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https://www.reuters.com/article/us-alibaba-china/alibaba-freezes-executive-pay-rises-amid-chinas-curbs-on-big-tech-sources-idUSKBN2CH0M5

Chinese e-commerce giant Alibaba Group Holding has frozen pay rises for senior executives in 2021 and is instead giving junior staff bigger salary increases, sources said, in an effort to preserve its workforce amid a regulatory clampdown.