The Coming Decade: China's Mobile Internet Cycle

As Europe is caught up in the debt crisis and the United States is troubled with high unemployment, China's Internet companies are battling for talents. "Come back home and everything goes well!" some Chinese companies write in recruitment posters.

It is a very interesting phenomenon: On the evening of November 23, Nokia Siemens announced a plan to cut 17,000 employees before the end of 2013, with a rumored 4,000 of those cuts coming from China. While earlier, Ding Lei, CEO of Netease, one of the biggest Internet companies in China, announced the recruiting of more than 800 people across the country. Another two well-known internet companies are fighting a war for workers, as reported by a Chinese business newspaper, according to a report in PR Newswire.

Today, China's Internet industry yearns for talent. In this context, constantly eroded by internet companies, traditional media groups have announced their entry into new territory. Recently, Zhejiang Daily Press Group announced its own global recruitment drive, inviting TMT prospects to join them. These traditional media groups are now reaching out for overseas talent, as well as their counterparts such as Li-led Baidu and Ma-led Alibaba.  >>More here

SOURCE:  prnewswire.com