1. Alibaba Freezes Executive Pay Rises Amid China's Curbs on Big Tech

    Alibaba Freezes Executive Pay Rises Amid China's Curbs on Big Tech

    BEIJING (Reuters) -Chinese e-commerce giant Alibaba Group Holding has frozen pay for senior executives in 2021 and is instead giving junior staff bigger salary increases, sources said, in an effort to preserve its workforce amid a regulatory clampdown. Hundreds of top-tier executives at Alibaba are not entitled to salary hikes this year, unless they performed extraordinarily, four sources familiar with the matter said...

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