For China’s Internet Giants, It’s Out with the Old, In with the Young

China’s slowing economic growth in 2018 has fueled fears of elimination among Chinese internet companies. China’s internet giants readjusted goals, set up defenses and restructured their businesses. Some have leaned into new retail strategies, some have turned emphasis to business-to-business (B2B) operations, and others have decided to focus on artificial intelligence and technological advancement. All these companies, however, are now emphasizing management training and employee development. Competent, forward-thinking young leaders increasingly replace midlevel managers. 

Alibaba was the first of China’s internet giants to initiate a talent development system. All new hires receive training prior to settling into their roles. Which training program employees will go through depends on their experience. In 2003, Alibaba began succession training programs for each management position. Then in 2012, Alibaba put into motion its plan to evolve and upgrade its leadership by promoting young talents. Its employee development system provides...