Alibaba courts overseas talent amid strong NYSE debut

World Today

Chinese E-commerce giant Alibaba enjoyed a very successful first day trading on the New York Stock Exchange. In the run-up to its initial public listing, it was courting overseas talent, including former Nokia employees who were laid off after a recent restructuring at Microsoft.

This comes as a number of Chinese hi-tech firms have been seeking to recruit VIP executives from global companies to lead their operations. CCTV America’s Martina Fuchs reports.