Alibaba freezes executive pay rise amid China's big tech crackdown - sources

Alibaba freezes executive pay rise amid China's big tech crackdown - sources

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

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