Alibaba to improve stock options and other incentives for employees

Source: Nikkei Asia

HONG KONG -- Alibaba Group Holding will significantly upgrade its employee incentive program, a change that comes as workers had been threatening to protest over the Chinese tech giant's stock option policies.

According to an internal letter addressed to employees on Monday and seen by Nikkei Asia, Alibaba announced that starting April 1, it will incorporate "long-term cash" into its existing equity-only incentive program, as well as significantly increase the frequency of redemption periods from an annual basis to a quarterly basis.