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The recent death of a The Pinduoduo Inc. employee renewed criticism of the long hours commonly practiced at China’s tech companies, which are already under scrutiny by regulators for anti-competitive business practices.
The e-commerce company confirmed that an employee collapsed while walking home with her colleagues at 1:30 a.m. Tuesday. The employee, who was born in 1998 and joined Pinduoduo in July 2019, could not be resuscitated and died after nearly six hours of first aid, according to a statement. His death sparked a social media backlash against Pinduoduo and the relentless work schedules expected of his employees, with a hashtag about the incident attracting more than 200 million views on the Twitter-like Sina Weibo service.
The call Office hours for 996, 9 a.m. deceased. Still, the tech billionaires of Jack Ma, founder of Alibaba Group Holding Ltd. JD.com Inc. CEO Richard Liu has endorsed the practice as necessary to survive in an intensely competitive industry and as the key to accumulating personal wealth.
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The online criticism adds to the challenges for China’s largest tech companies, which spent the past year dodging the Trump administration’s efforts to curb their growth while navigating increased regulatory scrutiny at home. In November, Beijing unveiled regulations designed to stamp out monopolistic practices in the internet industry, prompting a sell-off in the previously high-flying tech sector.
Despite the year-end sell-off on Alibaba and its peers, Pinduoduo has emerged relatively unscathed and its shares rose to a record on December 30. further boosting growth by expanding into the hot online food sector, ended the year up nearly 370%. That helped elevate founder Colin Huang to the position of China’s second-richest man, surpassing other internet entrepreneurs like Alibaba’s Ma and Tencent Holdings Ltd. Chairman Pony Ma, according to the Bloomberg Billionaires Index.
– With the help of Zheping Huang
(Updates with details of Pinduoduo’s statement from the second paragraph)