Cainiao Employees to Receive "Double Year-End" Bonuses, Sources Say Any Staff Employed as of August 1st Eligible
Deep News
Aug 27
According to informed sources, Cainiao Network, which experienced volatility due to its shelved IPO plans, is set to fulfill CEO Wan Lin's "double year-end" bonus promise. This special bonus will be distributed at the end of August. Any employee who was on the payroll as of August 1st will be eligible for the double year-end bonus.
It is understood that in March 2024, Alibaba withdrew Cainiao's IPO application and repurchased equity stakes. To stabilize morale, Cainiao Group CEO Wan Lin proposed a second startup bonus incentive plan to provide employees with more secure income, with the "double year-end" bonus being part of this initiative.
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