Chinese internet-based service companies, which served as the employment backstop in the last economic down, have themselves fallen on hard times, only adding fuel to rising lay-off worries. Illustration: Brian Wang

China’s gig economy losing ability to absorb laid off factory workers

  • Ride-hailing service Didi Chuxing, online food delivery platform Meituan Dianping as well as streaming services like Huya, Douyu and Kuaishou face challenges
  • New economy’s ability to absorb unemployed workers from other industries hampered by economic slowdown, saturation of markets and tighter regulations
Topic |   China economy

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Chinese internet-based service companies, which served as the employment backstop in the last economic down, have themselves fallen on hard times, only adding fuel to rising lay-off worries. Illustration: Brian Wang
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