(CTN News) – Over 2,000 fresh graduates have been hired by Alibaba this year, signaling that the Chinese government’s crackdown on technology is
Those who follow the company’s WeChat accountAlibaba’s Taotian Group, which includes Taobao and Tmall retail platforms, has put out a massive recruitment ad aimed at graduates, according to a post on the company’s account.
The number of job openings for those who graduate between November this year and October next year is more thanacross many different cities in China – including Beijing, Shanghai, and Hangzhou.
including those in technical roles, design, sales, and logistics, among others.
According to the WeChat notice, the recruitment drive began onsuccessful candidates will receive their offers towards the end of September, as stated in the WeChat notice.
The company did not reveal the salaries of itsaccording to the careers platform Maimai, the South China Morning Post reported in June 2022 that Alibaba was the best-paying tech company in China with an average salary of $5,000.
In the midst of a growing youth unemployment crisis in China, Alibaba’s massive recruitment drive comes at an opportune time for the country’s young graduates.
In June, China’s unemployment rate for those aged 16 to 24 reached a record high of 21.3%, meaning that oneyoung people had no job in the country. From July onwards, Beijing suspended the publication of the data due to the severity of the a need to reexamine its methodology data.
This isn’t just a problem for the Taotian Group. Besides the parent company Alibaba Holdings, which is on a hiring spree as announced in May that it plans to recruit 15,000 new employees by the end of this year.
The development is a reversal following waves of job cuts in the Chinese techin the wake of a regulatory crackdown that began in 2020 and wiped $1.1 trillion off the market value Tech companies in the country.
In spite of this, Chinese authorities are now cozying up to the very companies that they had been cracking down onyears of on-off COVID-19 lockdowns.
There is no doubt that Beijing is striving hard to revive theto the point that it is reversing major the COVID-19 pandemic and is trying to boost consumption to stimulate the economy.