Jack Ma, the founder of Alibaba, recently sent a letter to Alibaba employees on the occasion of the company’s 25th anniversary. In the letter, he addressed the competitive landscape in various business sectors that Alibaba operates in.
Ma highlighted the challenges faced by Alibaba in dealing with advancing technologies and fierce competition across industries, which have put pressure on the company’s market valuation compared to Pinduoduo.
Nevertheless, Ma emphasized that these challenges were anticipated, as no company remains at the top indefinitely. He urged everyone to safeguard Alibaba’s identity as a company founded on visionary principles, stressing the importance of believing in the future and seizing opportunities in the market.
Currently, Jack Ma no longer holds a management position at Alibaba, but he remains a significant shareholder and a thought leader within the company.
Source: South China Morning Post
TLDR: Jack Ma reflects on Alibaba’s competitive challenges, emphasizes the importance of maintaining their visionary identity, and highlights the need to believe in the future and market opportunities.
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