Chinese food delivery firm Meituan plans to hire 10,000 workers as U.S. tech giants ax jobs
Publishing timestamp: 2023-02-08 07:11:33
Summary
Meituan announced plans to hire 10,000 workers in the first quarter of the year, sending their shares down 6%. This is in contrast to Silicon Valley tech giants who have been laying off thousands of workers. The Chinese tech sector has been struggling due to tough regulations and the pandemic, but Meituan's hiring spree could be a sign of a rebound.
Sentiment: NEGATIVE
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Keywords: tencent holdings ltd, markets, microsoft corp, alibaba group holding ltd, china, shanghai, alphabet class a, beijing, business news, internet, meituan,