JD.com’s move to strengthen employee welfare reflects the stand taken by billionaire founder Richard Liu Qiangdong to adhere to China’s “common prosperity” strategy. Photo: Shutterstock
JD.com’s move to strengthen employee welfare reflects the stand taken by billionaire founder Richard Liu Qiangdong to adhere to China’s “common prosperity” strategy. Photo: Shutterstock
E-commerce

Chinese e-commerce giant JD.com to cut pay for 2,000 senior managers amid efforts to boost housing, education benefits for workers

  • The salary cuts, which will start next year, form part of JD.com’s efforts to boost housing and education benefits to rank-and-file employees
  • JD.com will establish a US$1.4 billion housing fund for all employees of the group and its subsidiaries

JD.com’s move to strengthen employee welfare reflects the stand taken by billionaire founder Richard Liu Qiangdong to adhere to China’s “common prosperity” strategy. Photo: Shutterstock
JD.com’s move to strengthen employee welfare reflects the stand taken by billionaire founder Richard Liu Qiangdong to adhere to China’s “common prosperity” strategy. Photo: Shutterstock
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