Alibaba Lists Over 2,000 Jobs Signalling End Of Xi Jinping's Tech Crackdown

Alibaba’s Taotian Group, part of its retail platforms, has announced a significant recruitment drive targeting fresh graduates, Business Insider reports.

The company has listed over 2,000 job positions across cities like Beijing, Shanghai and Hangzhou. These roles span various sectors, including technical, design, sales, and logistics. The recruitment initiative began last Thursday as per a post on WeChat, with offers expected to be rolled out in late September.

This move comes amidst a high youth unemployment rate in China, with 21.3% of 16 to 24-year-olds unemployed as of June. The parent company, Alibaba Holdings BABA, also announced plans in May to hire 15,000 new employees this year.

This hiring surge indicates a shift following China’s tech sector job cuts due to a regulatory crackdown initiated in 2020, which saw a massive $1.1 trillion market value loss for its Big Tech companies.

However, the Chinese authorities are currently seeking closer ties with the very companies they previously imposed restrictions upon, as the economy faces challenges in rebounding from three years of intermittent COVID-19 lockdowns, the report added.

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