Why Alibaba is hiring Iranian interns as its top investment bankers

Why Alibaba is hiring Iranian interns as its top investment bankers

October 8, 2021 Comments Off on Why Alibaba is hiring Iranian interns as its top investment bankers By admin

The Chinese e-commerce giant has signed on hundreds of Iranian interns to fill key roles in its international investment and corporate finance operations, according to two people familiar with the matter.

The two people, who spoke on condition of anonymity because they were not authorized to discuss the matter publicly, said the Iranian team is among the more than 100 employees who have been hired as part of a nationwide hiring drive.

The hiring drive, which has taken place since the end of last year, has resulted in hundreds of hires for a growing portfolio of businesses, from technology and biotech startups to real estate and real estate-related companies.

The company is also expanding into the energy space, the people said.

The Iranian team was among several new hires announced at a conference held by the company last week in Beijing.

The people asked not to be identified discussing internal matters because they weren’t authorized to speak publicly.

The hiring drive began last year as part a broader push to attract talent from outside the country, as the Chinese company seeks to diversify into the global financial sector amid the global economic downturn.

At the time, the company announced that it had signed a deal with a private investment fund that would invest in the Middle East, a move that has increased interest in investing in Iran.

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