ByteDance and Tencent offered average monthly wages of 32,800 and 30,800 yuan respectively, according to Chinese career and social-networking platform Maimai. Pay levels at Big Tech are under pressure, with more than 35% of the surveyed tech professionals receiving a smaller bonus this year compared to the year before.
Alibaba Group Holding is the best-paying tech company in China with an average monthly salary of 33,500 yuan , ahead of ByteDance and Tencent Holdings that offer average monthly wages of 32,800 yuan and 30,800 yuan respectively, according to Chinese career and social-networking platform Maimai.
In terms of annual bonuses last year, the most generous companies were smartphone maker Oppo, Tencent Holdings, and Ant Group, according to Maimai. Alibaba, which owns theranked No 4 on the bonus list with an average payout of 170,900 yuan , while Huawei Technologies Co paid an average bonus of 168,600 yuan , according to the data published on Tuesday.
The amounts are significantly higher than China’s official per capita income, indicating the attractiveness of working in the tech sector despite regulatory crackdowns over the past year. According to China’s National Bureau of Statistics, the average nationwide, annual per capita disposable income for 2021 was 35,128 yuan , equivalent to about a month’s salary at one of the Big Tech firms.
“The size of an annual bonus reflects a company’s financial performance, which is also an important symbol of an industry’s rise and fall, and can even act as a barometer of the economy,” said Lin Fan, founder and chief executive of Maimai.
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