Alibaba Plans to Rehire as Tech Sector Confidence Rebounds

Image Credit: Reuters

Alibaba Group Chairman Joe Tsai stated on Tuesday that there are clear indications that China's business entrepreneurs are regaining confidence after a meeting with President Xi Jinping. He noted that this boost in confidence has led his company to resume hiring.

Tsai explained at HSBC’s Global Investment Summit in Hong Kong that since President Xi's meeting with private businesses in January, there has been a noticeable shift in the business community. This meeting sent a strong message for entrepreneurs to reinvest in their businesses and begin hiring again.

He added that this signals the end of the downturn and the start of a recovery, as hiring leads to job security for employees.

Paraphrasing text from "Reuters" all rights reserved by the original author