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Chinese internet companies, including Alibaba Group, Tencent Holdings and JD.com, are said to be cutting tens of thousands of jobs this year in one of their biggest layoff rounds to date as the internet firms try to cope with China's sweeping regulatory crackdown.
Jingxi, a social media e-commerce platform under Chinese e-commerce giant JD, plans to lay off 10% to 15% of its workforce, according to JD. Launched in 2019, Jingxi . . .
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