SITUATION REPORT

China: JD.com Cuts Managers’ Salaries to Pay for Employee Benefits Amid Increased Regulatory Scrutiny

MIN READNov 22, 2022 | 20:15 GMT

Chinese e-commerce giant JD.com is planning to cut wages for over 2,000 managers by 10-20% to pay for a $1.4 billion employee benefits fund that helps long-term workers secure housing, Bloomberg reported Nov. 22....

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