economic headwinds

Facing tough economy, China cracks down on police abuse of power targeting businesses

by
Facing tough economy, China cracks down on police abuse of power targeting businesses

A report by prosecutors in China’s eastern province of Zhejiang has shed light on how entrepreneurs and private businesses can fall prey to the abuse of power by police. The report highlights a case dating back to May of last year, when two officials from the public security bureau of an unnamed province began extorting … Read more

Alibaba’s logistics unit Cainiao to double year-end bonus for employees, in morale-boosting move after scrapped IPO

by
Alibaba’s logistics unit Cainiao to double year-end bonus for employees, in morale-boosting move after scrapped IPO

Hangzhou-based Cainiao will launch an “entrepreneurship incentive plan” that will double the bonus pool allocated for the financial year ending March 31, 2025, according to company chief executive Wan Lin in excerpts from an internal letter seen by the South China Morning Post. That means employees will receive their standard year-end bonus in April 2025 … Read more