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KUAISHOU TECHNOLOGY

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Chinese tech workers disclose working hours in criticism of '996'

10/14/2021 | 02:33am EST
FILE PHOTO: Chinese tech workers disclose working hours in latest critique of '996'

SHANGHAI, Oct 14 (Reuters) - A campaign calling on workers at Chinese tech companies and other high-profile firms to log their working hours on a public internet page has gone viral, in the latest backlash against a culture of overtime.

Organised by four anonymous creators who described themselves as recent graduates, the "Worker Lives Matter" campaign calls on employees at tech firms to enter their company name, position, and working hours in a spreadsheet posted on GitHub.

As of Thursday morning, more than 4,000 people who said they worked at tech giants such as Alibaba Group Holding Ltd , Baidu Inc, Tencent Holdings Ltd and ByteDance had registered their data.

Employees have since also created separate spreadsheets for specific sectors such as real estate, finance, and foreign companies.

A majority of the entries on the spreadsheet show that while a five-day week is the norm, many staffers work 10 to 12 hours a day.

One of the creators said in a post that they hoped the list would be an effective reference tool for workers when choosing jobs.

In another post, the team argued that the "996" practice of working 9 a.m. to 9 p.m. six days a week was rife and working hours were at internet firms were often opaque.

"We hope to make a contribution to the boycott of '996' and the popularization of '955'," said one of the creators on China's question-and-answer site Zhihu in a post viewed 6 million times. "955" mean 9 a.m. to 5 p.m. five days a week.

Alibaba, Tencent, Baidu and ByteDance did not immediately respond to requests for comment.

Long work hours are a hot topic for China's tech workers and others among the young, white-collar class.

The issue first gained attention in 2019, when tech workers launched a similar online campaign against "996".

In recent months, criticism of long hours has gained traction because of a government crackdown on tech companies that has shone a spotlight on their treatment of workers.

This year, companies including TikTok owner ByteDance, short video platform Kuaishou and food delivery giant Meituan have cut compulsory weekend overtime. China's top court in August described "996" as illegal. (Reporting by Josh Horwitz; Additional reporting by Yingzhi Yang; Editing by Robert Birsel)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
KUAISHOU TECHNOLOGY -8.02% 90 End-of-day quote.0.00%
PINDUODUO INC. -15.86% 68.46 Delayed Quote.-61.47%
TENCENT HOLDINGS LIMITED -3.01% 463.4 End-of-day quote.-17.84%
XIAOMI CORPORATION -2.66% 19.06 End-of-day quote.-42.59%
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Analyst Recommendations on KUAISHOU TECHNOLOGY
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Financials
Sales 2021 80 219 M 12 549 M 12 549 M
Net income 2021 -71 974 M -11 259 M -11 259 M
Net cash 2021 35 418 M 5 541 M 5 541 M
P/E ratio 2021 -4,12x
Yield 2021 -
Capitalization 309 B 48 382 M 48 386 M
EV / Sales 2021 3,41x
EV / Sales 2022 2,68x
Nbr of Employees 21 499
Free-Float 49,3%
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Mean consensus BUY
Number of Analysts 25
Last Close Price 73,77 CNY
Average target price 110,53 CNY
Spread / Average Target 49,8%
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Managers and Directors
Yi Xiao Cheng Chief Executive Officer & Executive Director
Yik Kay Chong Chief Financial Officer
Hua Su Chairman
Dingjia Chen Chief Technology Officer
Jia Tong Peng Vice President, Head-Investment & Development
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