Alibaba, Tencent Reportedly Undergo Massive Layoffs

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Image Source: Visual ChinaBEIJING, March 14 (TMTPOST) — Reports of Chinese e-commerce giant Alibaba and Internet giant Tencent undergoing massive layoffs hit Weibo’s trending chart on Sunday.Layoff plans at Alibaba (09988.HK, BABA.NYSE) target the company’s community e-commerce business group MMC and online travel service Feizhu, etc., according to unconfirmed information on social media. Tencent (0