World News – AU – The Death of Pinduoduo Worker renews the 996 work culture review

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The recent death of a Pinduoduo Inc. . Employees again criticized the long working hours that are common in China’s technology companies and that are already being checked for anti-competitive business practices by regulators.

The e-commerce company confirmed that an employee collapsed while walking home with colleagues at 1:30 a.m.. m. on Tuesday. The employee, born in 1998, who came to Pinduoduo in July 2019, could not be resuscitated according to a statement and died after almost six hours of first aid. Her death sparked a social media backlash against Pinduoduo and the relentless work hours expected of his staff. A hashtag about the incident generated more than 200 million views on the Twitter-like Sina Weibo service.

The so-called 996 office plan – 9 a. m. to 9 p. m. , six days a week plus overtime – has sparked criticism in recent years following technician complaints and previous deaths. Still, Alibaba Group Holding Ltd are tech billionaires. . Founder Jack Ma to JD. com Inc. . Chef Richard Liu has advocated the practice as necessary to survival in a highly competitive industry and key to accumulating personal wealth.

Online criticism adds to the challenges facing China’s largest tech companies, which last year struck off the Trump administration’s efforts to contain its growth while under tighter government scrutiny at home. Beijing unveiled regulations in November to eradicate monopoly practices in the Internet industry, sparking a sell-off in the previously soaring tech sector.

Despite the year-end sell-off in Alibaba and its peers, Pinduoduo has remained relatively unscathed as its stock climbed to a record high in December. 30th. Spanning a $ 218 billion e-commerce empire and aggressively seeking to fuel growth by expanding into the glowing online grocery sector, shares of the company rose nearly 370% to year-end. . This helped make founder Colin Huang the second richest man in China and overtake other internet entrepreneurs like Alibabas Ma and Tencent Holdings Ltd. Chairman Pony Ma according to the Bloomberg Billionaires Index.

Pinduoduo, Jack Ma, Alibaba Group

World News – AU – The death of the Pinduoduo worker renews the 996 work culture review

Ref: https://www.bloomberg.com

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