Salary rises for staff, but salary freeze for senior management.  Purpose is to lift the morale of staff in difficult times.  Senior managers are to learn a lesson of frugality.   Alibaba Group plans to hire 5,000 new staff in 2008.  Its payroll had already increased by 4,000 in 2008.   Even in tough times there appear to be companies who look after employees first, management last and who mange to exploit opportunities for growth.  Congratulations Mr. Ma.  The Alibaba Group includes Alibaba.com, Taobao.com, Alisoft, Alipay and Yahoo! Koubei.

BIIA Newsletter January – 2009 Issue