Chinese B2B e-commerce group Alibaba has announced plans to launch a CNY3 billion housing loan scheme for its employees and a CNY500 million education fund to solve the preschool and primary education problems of children of its employees.

In accordance with the related items in the Chinese Labor Law and Labor Contract Law, the Bureau of Human Resources and Social Security of Beijing's Haidian District has announced that Ku6.com's previous employee layoffs are illegal and invalid, and the bureau reportedly ordered the Chinese video website to make rectifications before May 30, 2011.

U.S. electronics retailer Best Buy Group has signed an agreement with China Chain Store & Franchise Association in Nanjing to set up an education fund in China.

U.S. fast food giant Yum Brands Inc. reported recently that its labor and commodity costs in China were likely to increase in the second half of 2010.

Over ten people, all of whom were reported to be former employees of Philips, gathered outside Philips' Beijing office last week to demand that the company pay full social insurance contributions.

The Beijing Human Resources and Social Security Bureau says it will continue to give top priority to the employment of college students this year.

A total of 239 job fairs will be organized in 108 universities across Jiangsu from November 2009 to June 2010 to promote the employment of college graduates.