China’s largest private education company in terms of market value has begun offering leisure courses such as dance and photography for older adults in Beijing, reports the South China Morning Post. This comes as it pivots towards the country’s fast-growing silver economy. Since a ban on for-profit tutoring in core academic subjects in 2021, New Oriental […]
Category: Employment & Education
China’s youth unemployment rate dropped in November, reports the South China Morning Post. However, competition remains fierce for university graduates trying to find work that matches their qualifications. The jobless rate for those aged 16 to 24, excluding students, fell to 16.9% in November from 17.3% in October, according to data released by the National Bureau […]
Chinese universities are drastically increasing tuition fees this year, with some making their first rises in two decades, hurt by a reduced national budget for tertiary education and tight local government finances, reports Reuters. The higher fees come amid a financial crunch among local governments after three years of disruptive COVID-19 policies, a property crisis […]
Chinese e-commerce giant Alibaba Group Holding has denied speculation that it is planning mass lay-offs and pledged to hire 15,000 new employees in 2023, after media reports that it is cutting 7% of jobs at its cloud unit, reports the South China Morning Post. Alibaba said its six units are planning to make a total of 15,000 […]
LinkedIn, the social media network owned by Microsoft Corp that focuses on business professionals, said on Monday it would cut 716 jobs as part of broader changes that would also result in it phasing out its local jobs app in China, reports Reuters. In a letter to employees, LinkedIn CEO Ryan Roslansky said the move […]