Tencent and Alibaba to cut thousands of jobs....
#1

Tencent hires more people than Microsoft, google and Apple combined.

Such job cuts also resemble the dot.com bubble crash. Which was so bad it triggered a recession.

While the stocks are cheap and have rebounded today.  The revenues of these companies will slow in the near term.

Long term if the regulations don't kill the companies and try to limit their size grow will return.

https://www.straitstimes.com/business/co...ed-sources

I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
Reply
#2

China regulatory overkill the industry. Stupid Ccp. Now have to support the stock market from crashing.
Reply
#3

Same like zero covid policy. Damn stupid.
Reply


Forum Jump:


Users browsing this thread: 1 Guest(s)