Uber China team to get 6 months base salary and equity vesting as bonus


Permalink 02:59:59 pm, by dacare, 188 words, 209 views   English (US)
Categories: News of China

Uber China team to get 6 months base salary and equity vesting as bonus

After China's ride-hailing market leader Didi Chuxing confirmed Monday that it will acquire Uber's business in China, Uber China held a staff meeting in the evening, announcing that the company will pay a cash Close Bonus in recognition of Uber China team's contribution, according to a report by technology media site tech.sina.com.cn,

The bonus will be valued at 6 months base salary and 6 months equity vesting that includes new hire grants, performance bonus and referral bonus.

The company said half of the bonus will be paid in cash within one week after the merger closes and the remaining half will be paid to employees one month after the closes.

Only employees who have worked with Didi or Uber for at least 30 days after the signing of the deal are qualified to receive the remaining half of the bonus.

Didi's acquisition of Uber China's business will give Uber a 5.89 percent stake in Didi, and Didi will also gain a stake valued at $68 billion in Uber's global business.

Apart from Uber's chief executive officer Travis Kalanick's blog post, Uber China officials have not commented on the acquisition yet.

Sponsor Link: The leading executive search firm in China


No Pingbacks for this post yet...

China Job Links:

China Recruitment Agency
Leading executive search firm in China
1000+ executive search cases

China Payroll & Benefits Services
Payroll & Benefits local Chinese hire
Setup your operation fast and cheap
China Job Openings - LinkedIn
Join #1 LinkedIn China Career Group
Find more Chinese jobs and talent



XML Feeds

What is RSS?

Who's Online?

  • Guest Users: 27

powered by b2evolution free blog software