- Alibaba Group Holding Ltd BABA backed Bilibili Inc BILI is looking to hire 1,000 new content moderators and more closely monitor the health of its workers, Reuters reports.
- China's leading video platform came under scrutiny after the death of an employee prompted accusations that it was overworking its staff.
- A user on the microblogging platform Weibo Corp WB said that the employee died after working long hours during the Spring Festival holiday.
- Bilibili initially denied the allegation. However, later it acknowledged the loss following outrage and assured taking adequate measures.
- Price Action: BILI shares traded higher by 6.91% at $36.93 on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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