TECH - Alibaba's Logistics Arm Cainiao Boosts Employee Bonuses Plans Major Incentive Overhaul | Benzinga
Alibaba Group Holding Limited (NYSE:BABA) logistics arm Cainiao Smart Logistics Network shared plans to double the year-end bonus for all employees in its next financial year.
Cainiao’s move looks to boost employee sentiments after Alibaba ditched the unit’s initial public offering (IPO). Alibaba and Cainiao chair Joe Tsai echoed similar sentiments in a conference call on Tuesday.
Cainiao braces to launch an “entrepreneurship incentive plan” likely to double the bonus pool for the financial year March 31, 2025, SCMP cites CEO Wan Lin’s internal letter.
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