Alibaba's Taotian Group — which includes Taobao and Tmall — is hiring 2,000 fresh graduates this year. It comes at an opportune time for China's fresh graduates as youth unemployment hit a record high in June. Alibaba's hiring over 2,000 fresh graduates this year – signaling that it views an end to China's tech crackdown. China's unemployment rate for those in the 16 to 24-year-old bracket hit a record high of 21.3% in June — meaning one in five youths were unemployed. The development is a reversal after waves of job cuts in China's tech sector following a regulatory crackdown that started in 2020 and wiped $1.1 trillion off the market value of its Big Tech firms.

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Persons: Alibaba's, Alibaba, It's Organizations: Morning, Taotian, China Morning Post, Alibaba Holdings, Big Tech Locations: China —, Beijing, Shanghai, Hangzhou, China