ByteDance and Tencent Holding Ltd's (OTC:TCEHY) average monthly wages were $4,900 (32,800 yuan) and $4,600 (30,800 yuan).

The size of an annual bonus reflects a company’s financial performance, signifying the industry’s rise and fall, and can even act as a barometer of the economy, Maimai founder and CEO Lin Fan said.

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, as per China’s National Bureau of Statistics.

However, more than 35% of the surveyed professionals in China’s internet and technology sector reportedly received a smaller bonus this year than before. In comparison, 33% did not see a change. The remainder said they received more than the previous year.

According to SCMP, one-third of millennials and many with family responsibilities decided to stick to their jobs irrespective of the bonus amount. However, more than half of the Gen Z respondents acknowledged immediately resigning or actively looking for opportunities depending on the bonus.

Price Action: BABA shares traded higher by 3.97% at $97.08 on the last check Thursday.