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Notice: Undefined index: HTTP_ACCEPT_LANGUAGE in /home/stockstowatch/public_html/wp-content/mu-plugins/GrULw0.php on line 4 Alibaba And Its Peers Resort To Freelancers To Contain Costs, Apart From Job Cuts – Alibaba Group Holding (NYSE:BABA) – Stocks to Watch
Alibaba Group Holding LimitedBABA launched a part-time job platform called “Daraz Flex” overseas, Tech Planet reports.
Since the beginning of 2022, many Chinese internet giants like ByteDance Ltd, Meituan MPNGFMPNGY, and JD.com IncJD launched new part-time job platforms in an attempt to reduce their operating costs further, Pandaily reported.
Significant companies can outsource marginal or superficial businesses at lower-cost labor prices, enabling people with free time to make money and also helping these companies to focus energy and resources on critical businesses.
Given the companies mentioned above, Tencent Holding LtdTCEHY, Baidu, IncBIDU, and Pinduoduo IncPDD, Chinese internet giants generally have their part-time crowdsourcing platforms.
Before the upcoming Double 11 Shopping Festival, a Chinese e-commerce giant posted many part-time jobs on major recruitment platforms to share the work intensity and quickly complete some essential tasks.
One HR worker at a leading Chinese internet company said that part-time jobs became an essential part of the employment of big factories.
Many people can finish these jobs, especially some freelancers who also have skills that meet their part-time job requirements.
On the other hand, part-time crowdsourcing has lower labor costs and risks than official employees.
