BEIJING: Chinese e-commerce large Alibaba Group Holding has frozen pay raises for senior executives in 2021, and is as a substitute giving junior workers larger pay rises, sources mentioned, in an effort to retain its predominant workforce amid a regulatory clampdown.
“Talent is Alibaba Group’s most important asset. We have a robust and competitive compensation system that reflects our priorities in cultivating our next generation of talents,” Alibaba mentioned in an announcement.
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