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Alibaba buys into online video-sharing site Bilibili to tap young consumers

Alibaba announced in a filing with the Securities and Exchange Commission Thursday that its subsidiary Taobao has bought nearly 24 million shares of China’s leading online video sharing platform Bilib

1 min read
  • This means about 2,000 employees will be laid off, fewer than 3,000, which was the industry prediction when its firing plan was first leaked in late January.

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    Didi confirms 2,000-employee layoff in “preparation for winter”

    1 min read

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