[Blasterlord2]

Bloomberg

JD.com Inc. is slashing salaries for about 2,000 managers by 10% to 20% and diverting some of those savings toward a $1.4 billion employee benefits fund, aligning China’s No. 2 online retailer with Xi Jinping’s “common prosperity” campaign to share the wealth.

Billionaire JD.com founder Richard Liu will donate 100 million yuan ($14 million) of his own money toward staff welfare, a person familiar with the matter said. China’s largest online retailer after Alibaba Group Holding Ltd. will also set up a 10 billion yuan fund to provide staff with interest-free home loans, the person added, asking not to be identified because it hasn’t been publicized.

[Niubee]

Help retain people, loyalty, no chop ppls.... many benefits.

I have seen his leadership style. More like a fatherly and family style.

[talky]

Bloomberg

JD.com Inc. is slashing salaries for about 2,000 managers by 10% to 20% and diverting some of those savings toward a $1.4 billion employee benefits fund, aligning China’s No. 2 online retailer with Xi Jinping’s “common prosperity” campaign to share the wealth.

Billionaire JD.com founder Richard Liu will donate 100 million yuan ($14 million) of his own money toward staff welfare, a person familiar with the matter said. China’s largest online retailer after Alibaba Group Holding Ltd. will also set up a 10 billion yuan fund to provide staff with interest-free home loans, the person added, asking not to be identified because it hasn’t been publicized.

HOPE TO SEE THIS HAPPENING IN SPORE MINISTERS,MPS N  HIGHLY PROFITABLE COMPANIES

[Sharexchange]

Follow trend cut job...shiok..PAP another step backward again....IT IT IT industry over supply...skillfuture name change..SkillNoFuture.

[Blasterlord2]

Xi's common prosperity is the right move. The other people who work hard should also get their fair share of the profits.