Last-mile parcel carriers struggle while global express market is set for growth
The global express parcel market is set to see steady growth over the next four ...
SEEKING ALPHA reports:
– As the shares of numerous Chinese tech companies surged Wednesday, Alibaba (NYSE:BABA) and Tencent Holdings (OTCPK:TCEHY) are reportedly close to cutting thousands of jobs due to Beijing’s ongoing regulatory crackdown on China’s tech sector.
– According to a report from Reuters, Alibaba (BABA) is planning layoffs that could surpass 15% of the e-commerce giant’s 39,000-person workforce. Tencent (OTCPK:TCEHY) is also on track to cut between 10% and 15% of its more than 94,000 employees, according to what Reuters said were sources with “knowledge ...
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