Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolios

Alibaba's Ele.me platform signs wages, safety contracts as tech crackdown ends - media

Published 07/13/2023, 08:21 AM
Updated 07/13/2023, 08:26 AM
© Reuters. FILE PHOTO: Alibaba Group sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song/File Photo
BABA
-

BEIJING (Reuters) - Alibaba (NYSE:BABA)'s Ele.me on Thursday became China's first delivery platform to sign collective contracts on wages and labour safety with its staff, official media reported, as Beijing signals an end to its crackdown on the tech sector.

The contracts will apply to 3 million workers on the platform across 11,000 delivery stations in China, according to state-backed media Workers' Daily.

Alibaba did not immediately respond to a Reuters request for comment on the contracts.

Ele.me's move came after Chinese Premier Li Qiang sent another strong signal on Wednesday that a years-long crackdown on its tech industry is over, during which delivery platforms like Ele.me and Meituan were criticised for infringing on workers' rights.

The contracts "fully addressed" workers' biggest issues such as labour remuneration, protection and insurance benefits, the report said.

Ele.me and service providers are also required to improve communication channels with food delivery couriers, the report added.

 

 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.