LONDON — China’s tech companies are losing more than 10% of their jobs to China, with the industry facing a major challenge in the country’s rapidly changing labour market.
The numbers show that more than 4,300 jobs are lost a day as a result of the country adopting a strict labour law aimed at cutting down on labour abuses.
China’s top internet companies, including Alibaba, Tencent and Tencent Holdings, were among the biggest winners in the latest round of layoffs, according to data from data firm eMarketer.
More than 40,000 people lost their jobs in the three months to February, with about 10,000 from the countrys biggest companies, eMarker said.
The biggest losses in the sector came from Alibaba, whose CEO Jack Ma said last month that the company had lost more than 1,000 employees since the start of the year.
The losses in Chinese tech companies were concentrated among the country s largest technology companies, which are increasingly being driven by China’s emerging middle class.
Alibaba, one of China s largest tech companies, lost 1,500 employees over the past three months.
In its most recent earnings report, eSciences said the number of Chinese tech workers in China was at the lowest level since 2010, when the government tightened regulations on the use of computers.
“The slowdown in Chinas labour market and a weak economy is driving companies to consider relocation and the hiring of employees overseas,” the research firm said.
While the number and share of Chinese workers in the tech sector have grown in recent years, the country is still the worlds largest exporter of computer software.
The number of computer users has declined in the past year, falling by nearly 6 million from 2011 to 2014, according eSceciences.
More than 50% of Chinese internet users were internet users at the end of 2015, the eScoops data showed.
China is the second-largest market for online video content, and the country has been pushing hard to create an alternative for Chinese users to watch and enjoy the latest Hollywood blockbusters.
The government is tightening rules for video content on the internet and is restricting access to popular sites, such as YouTube, to help boost the popularity of traditional media.
On March 7, a Chinese court ruled that social media companies could not be forced to block videos and content critical of the ruling Communist Party.