Hangzhou, 28th February: Jack Ma, CEO of the Alibaba Group has stated that the company plans to hire an additional 5,000 employees in 2009.He also stated that the recession is a “treasure” which Alibaba could use as an opportunity to recruit from employees from leading U.S. companies such as Microsoft and Google. He noted that the company plans to double its presence in the U.S. to approximately 50 employees.   Source: Bloomberg article

BIIA Newsletter April 2009 Issue