"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2018-10-02T21:27:58Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2018/09/27/jack-ma-alibaba.cnn-business"
data-branding-key=""
data-video-slug="jack ma alibaba"
data-first-publish-slug="jack ma alibaba"
data-video-tags="alibaba group,asia,business and industry sectors,business figures,business, economy and trade,china,companies,continents and regions,east asia,electronic commerce,jack ma,online and home shopping,retail and wholesale trade"
data-details="">
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2018-10-02T21:27:58Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2018/09/27/jack-ma-alibaba.cnn-business"
data-branding-key=""
data-video-slug="jack ma alibaba"
data-first-publish-slug="jack ma alibaba"
data-video-tags="alibaba group,asia,business and industry sectors,business figures,business, economy and trade,china,companies,continents and regions,east asia,electronic commerce,jack ma,online and home shopping,retail and wholesale trade"
data-details="">
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-04-29T14:16:37Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/04/29/shanghai-covid-lockdown-china-economy-lu-stout-vpx.cnnbusiness"
data-branding-key=""
data-video-slug="shanghai covid lockdown china economy lu stout vpx"
data-first-publish-slug="shanghai covid lockdown china economy lu stout vpx"
data-video-tags="asia,business, economy and trade,china,continents and regions,coronavirus,diseases and disorders,east asia,east china,economic indicators,economy and economic indicators,health and medical,infectious diseases,kristie lu stout,life forms,microscopic life,misc people,respiratory diseases,shanghai,viruses"
data-details="">
Video Ad Feedback
Analyst: 'Lockdown in Shanghai will rock China's economy'
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-02-01T17:18:13Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/02/01/soros-on-china-and-xi-jinping-orig.cnn-business"
data-branding-key=""
data-video-slug="Soros on China and Xi Jinping orig"
data-first-publish-slug="Soros on China and Xi Jinping orig"
data-video-tags=""
data-details="">
Video Ad Feedback
"China is facing an economic crisis": Soros on China and Xi Jinping
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-01-17T16:40:30Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/01/17/china-gdp-economy-patrick-chovanec.cnnbusiness"
data-branding-key=""
data-video-slug="china gdp economy patrick chovanec"
data-first-publish-slug="china gdp economy patrick chovanec"
data-video-tags="asia,business and industry sectors,business, economy and trade,china,continents and regions,east asia,economic conditions,economy and economic indicators,real estate"
data-details="">
Video Ad Feedback
Covid and the real estate crisis weigh on China's economy
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-01-14T09:17:09Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/01/14/hong-kong-zero-covid-supply-chain-lu-stout-pkg-intl-hnk-vpx.cnn"
data-branding-key=""
data-video-slug="Hong Kong zero covid supply chain lu stout pkg intl hnk vpx"
data-first-publish-slug="Hong Kong zero covid supply chain lu stout pkg intl hnk vpx"
data-video-tags="asia,border control,china,communicable disease control,continents and regions,coronavirus,coronavirus pandemic,diseases and disorders,east asia,epidemics and outbreaks,health and medical,hong kong,infectious diseases,international relations,international relations and national security,kristie lu stout,life forms,microscopic life,misc people,national security,public health,respiratory diseases,territorial and national borders,viruses"
data-details="">
Video Ad Feedback
Pandemic empties one of the world's busiest airports
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2021-12-29T22:45:55Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/media/2021/12/29/hong-kong-news-outlet-closes-police-raid-stand-news-pkg.cnnbusiness"
data-branding-key=""
data-video-slug="hong kong news outlet closes police raid stand news pkg"
data-first-publish-slug="hong kong news outlet closes police raid stand news pkg"
data-video-tags="activism,arrests,asia,business and industry sectors,business, economy and trade,china,continents and regions,crime, law enforcement and corrections,criminal law,democracy,east asia,forms of government,government and public administration,hong kong,ivan watson,journalism and news media,law and legal system,law enforcement,media industry,misc people,policing and police forces,politics,society"
data-details="">
Video Ad Feedback
Hong Kong independent news outlet closes after police raid and arrests
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2021-12-28T21:58:37Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2021/12/28/space-x-china-satellite-elon-musk-starlink.cnnbusiness"
data-branding-key=""
data-video-slug="space x china satellite elon musk starlink"
data-first-publish-slug="space x china satellite elon musk starlink"
data-video-tags="asia,aviation and aerospace industry,business and industry sectors,business figures,business, economy and trade,china,companies,continents and regions,east asia,elon musk,government and public administration,government bodies and offices,government departments and authorities,international relations,international relations and national security,ivan watson,misc people,north america,roads and traffic,satellite industry,space and astronomy,space exploration,space industry,space stations,spacecraft and satellites,spacex,state departments and diplomatic services,technology,telecommunications industry,the americas,transportation and warehousing,transportation infrastructure,united states"
data-details="">
Video Ad Feedback
China slams Elon Musk and US claiming SpaceX satellites endangered Chinese
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2021-12-21T14:59:39Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2021/12/21/china-government-fines-livestreamer-viya-tax-evasion-lkl-intl-vpx.cnn"
data-branding-key=""
data-video-slug="china government fines livestreamer viya tax evasion lkl intl vpx"
data-first-publish-slug="china government fines livestreamer viya tax evasion lkl intl vpx"
data-video-tags="arts and entertainment,asia,broadcasting industry,business and industry sectors,business, economy and trade,celebrities,celebrity and pop culture,china,consumer behavior,continents and regions,crime, law enforcement and corrections,criminal offenses,digital and streaming video,east asia,economic indicators,economy and economic indicators,fines and penalties,fraud and financial crimes,government and public administration,internet and www,internet broadcasting,law and legal system,media industry,movie and video industry,newspapers,public finance,publishing industry,social media,streaming media,tax avoidance,tax fraud,taxes and taxation,technology,trial and procedure"
data-details="">
Video Ad Feedback
Chinese 'live-streaming queen' hit with huge tax evasion penalty
One of China’s richest men has been criticized for endorsing the controversial culture of 12-hour workdays in the country’s red-hot tech industry, saying employees who worked longer hours will get the “rewards of hard work.”
Jack Ma, founder of e-commerce giant Alibaba
(BABA), has spoken out on social media in recent days in support of the Chinese work practice known as “996.” The number refers to working from 9 am to 9 pm six days a week and is said to be common among the country’s big technology companies and start-ups.
“If we find things we like, 996 is not a problem,” Ma said in a blog post Sunday on Chinese social media site Weibo. “If you don’t like [your work], every minute is torture,” he added.
Ma’s comments prompted criticism from Chinese social media users.
“Did you ever think about the elderly at home who need care, (or) the children who need company?” wrote a Weibo user with the online moniker stupidcan123, in response to Ma’s post. “If all enterprises enforce a 996 schedule, no one will have children” because of a lack of time, they added.
Chinese state media also slammed those companies that make staff put in long hours at the office, without referencing Ma’s post directly. “Advocating hard work and commitment does not mean forcing overtime,” wrote state-run newspaper People’s Daily in a commentary published Sunday. “The mandatory enforcement of 996 overtime culture not only reflects the arrogance of business managers, but also is unfair and impractical.”
‘Not simply overtime work’
Ma said that he did not intend to defend the practice of working long hours, but wanted to “pay tribute” to employees who did.
“The real 996 is not simply overtime work,” he said, adding that everyone has the right to choose their own lifestyle but those who work shorter hours “won’t taste the happiness and rewards of hard work.”
Ma is arguably China’s best-known entrepreneur. The tech tycoon was famously born into a poor family and did not succeed academically. He started Alibaba using cash scraped together from friends.
The 54-year old executive first waded into the debate over China’s long working hours on Thursday, when comments he made to Alibaba employees about 996 were posted on the company’s Weibo account. Ma said he had never regretted working 12-hour days.
“I personally think that 996 is a huge blessing,” hesaid. “How do you achieve the success you want without paying extra effort and time?”
Ma added that any prospective employees of Alibaba, one of the world’s biggest tech companies, should be prepared to work 12 hours a day if they want to succeed. “Or why bother joining? We don’t lack those who work eight hours comfortably,” he said.
Other high-profile figures in China’s tech industry have reportedly defended long working hours in the technology industry.Richard Liu, founder of Alibaba rival JD.com
(JD), reportedly criticized employees at the company who did not work hard enough as “slackers.”
A spokesperson for Alibaba did not immediately respond to a request for comment on Ma’s social media posts or the company’s policy on overtime.
Long workdays in the high tech sector are not unique to China. Tesla
(TSLA) co-founder Elon Musk has previously said he worked up to 120 hours per week when the electric vehicle maker struggled with production delays.
“There are way easier places to work, but nobody ever changed the world on 40 hours a week,” he posted on social media site Twitter in November last year.