Alibaba And Its Peers Resort To Freelancers To Contain Costs, Apart From Job Cuts

Alibaba Group Holding Limited BABA launched a part-time job platform called "Daraz Flex" overseas, Tech Planet reports.
Since the beginning of 2022, many Chinese internet giants like ByteDance Ltd, Meituan MPNGF MPNGY, and JD.com Inc JD launched new part-time job platforms in an attempt to reduce their operating costs further, Pandaily reported.
Significant companies can outsource marginal or superficial businesses at lower-cost labor prices, enabling people with free time to make money and also helping these companies to focus energy and resources on critical businesses.
Also Read: Alibaba Looks To Slash Workforce By 30% After Its MMC Division Decides To Lay off 20% Employees
Given the companies mentioned above, Tencent Holding Ltd TCEHY, Baidu, Inc BIDU, and Pinduoduo Inc PDD, Chinese internet giants generally have their part-time crowdsourcing platforms.
Before the upcoming Double 11 Shopping Festival, a Chinese e-commerce giant posted many part-time jobs on major recruitment platforms to share the work intensity and quickly complete some essential tasks.
One HR worker at a leading Chinese internet company said that part-time jobs became an essential part of the employment of big factories.
Many people can finish these jobs, especially some freelancers who also have skills that meet their part-time job requirements.
On the other hand, part-time crowdsourcing has lower labor costs and risks than official employees.
Alibaba has invested more than 100 billion yuan ($14.8 billion) in technological R&D annually, including AI, over the last four years.
Alibaba's efforts strive to reduce the intelligent R&D costs of small and medium-sized enterprises by more than 50%.
Price Action: BABA shares traded higher by 7.11% at $68.08 on the last check Tuesday.

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