Alibaba rolls 13th-month pay into bonus system, delays payout window
That effectively extends the gap between earnings payouts, with employees facing a period of up to roughly 15 months without receiving the consolidated bonus.
Day: May 27, 2026
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Hangzhou rises to China’s No. 4 talent magnet amid hiring push
Through its “Qinghe Cloud Recruitment” initiative, the city organizes more than 800 global recruitment events online each year and offers around 1 million job opportunities.
Alibaba DAMO Academy, Zhejiang hospital join hands on AI diagnostics
The partners also said they plan to conduct joint clinical validation programs to ensure the safety and effectiveness of new AI technologies before wider deployment.
Hangzhou startup launches world’s first 8-inch silicon Micro LED line
Micro LED is widely viewed as the next-generation display technology because of its high brightness, low power consumption and long lifespan.
Alibaba Qwen3.7-Max climbs to No. 2 in global AI coding rankings
Qwen3.7-Max ranked among the top four models overall, breaking what had been a prolonged dominance by Claude-Opus-4.7 and Claude-Opus-4.6.
Robotics ‘world model’ developer Five Ages raises Series A funding
Investor interest in world-model-based embodied AI has accelerated in recent months as startups pursue alternatives to data-intensive robotics training approaches.
ADAS supplier Freetech makes fourth attempt at Hong Kong IPO
Repeated filings have highlighted challenges such as Hong Kong’s six-month IPO validity rule, the company’s persistent losses and low margins, and regulatory concerns over its heavy reliance on Geely.
Tao Motor seeks HK listing as golf cart maker expands overseas
In 2015, at age 31, Cao Matao launched Tao Motor with 28.5 million yuan ($4.2 million) in startup capital from his grandfather, focusing on electric golf carts and scooters.