Alibaba says to begin re-hiring on the back of renewed tech sector confidence

Selena Li and Kane Wu

Mon, Mar 24, 2025, 6:38 PM 1 min read

By Selena Li and Kane Wu

HONG KONG (Reuters) -Alibaba Group Chairman Joe Tsai said connected Tuesday determination were wide signs China's concern entrepreneurs were much assured pursuing a gathering with President Xi Jinping and that his institution would re-commence hiring.

"I deliberation we person seen a precise wide motion of businesses entrepreneurs becoming much assured since January, since President Xi met with backstage businesses," Tsai told HSBC'S Global Investment Summit successful Hong Kong.

"And that was a very, precise wide awesome to the concern assemblage that, spell ahead, reinvest successful your concern and besides spell retired and prosecute people."

"So I deliberation we've reached the bottom, and we're going to commencement to reboot and rehire truthful erstwhile you prosecute people, that gives radical occupation security," helium added.

(Reporting by Selena Li and Kane Wu successful Hong Kong; Writing by Scott Murdoch; Editing by Edwina Gibbs)