09:49 AM EDT, 03/12/2024 (MT Newswires) -- Alibaba Group Holding ( BABA ) will implement a new employee incentive program that will see staff getting "long-term cash" on top of stock options beginning April 1, media outlets reported.

The new program aims to improve the "certainty and liquidity" of workers' income, Bloomberg and the South China Morning Post reported, citing unnamed sources.

Stock options that employees receive from April can be exercised quarterly instead of once a year, the reports said.

Alibaba ( BABA ) didn't immediately respond to a request for comment from MT Newswires.

Alibaba ( BABA ) shares were up nearly 1% in recent Tuesday trading.

Price: 75.42, Change: +0.56, Percent Change: +0.75