This cookie is installed by Google Analytics. These cookies can only be read from the domain that it is set on so it will not track any data while browsing through another sites. This cookie is used to track how many times users see a particular advert which helps in measuring the success of the campaign and calculate the revenue generated by the campaign. This cookie is set by Google and stored under the name. The cookies collect this data and report it anonymously. It helps us understand the number of visitors, where the visitors are coming from, and the pages they navigate. As tutors, software engineers, and building contractors get cut, new jobs in climate tech, rural revitalization, semiconductors, and batteries are opening up.Īnalytics cookies help us understand how our visitors interact with the website. The takeaway: While stock markets can sometimes be unreliable indicators of industry health, employment numbers provide a better bellwether of China’s structural reforms. According to 36Kr, JD.com’s gross merchandise value (GMV) last quarter totaled 9 billion yuan ($1.42 billion), significantly less than its competitors Pinduoduo (43 billion yuan), Meituan (38 billion yuan), and Alibaba (13 billion yuan). Consequently, its sales volumes are comparatively weak. JD.com was about a year and a half late to the group-buying frenzy, relative to its competitors such as Meituan, Pinduoduo, and Alibaba.They include Tencent - which announced layoffs of approximately 10% to 20% in its cloud and internet services division last week - along with search giant Baidu, Alibaba, and video-sharing platform Kuaishou. The context: Chinese tech companies are preparing to cut tens of thousands of jobs this year in one of their biggest layoff rounds to date.
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