Alibaba founder Jack Ma rarely appeared in an internal memo urging the e-commerce giant to “change and Taste of Future Sister-in-law (2023)reform” after rival PDD nearly closed in on Alibaba’s market capitalization with a stronger earnings report. Ma congratulated eight-year-old PDD for its decision-making, execution, and efforts over the past few years, while calling on Alibaba employees to return to the company’s mission and vision to reform for securing “tomorrow and the day after’s glory.” Taobao and Tmall Group, despite operating as the most profitable business within Alibaba, are being challenged by emerging e-commerce participants, including PDD and ByteDance’s Douyin. Ma also said he believed the era of AI e-commerce has just begun, which poses both an opportunity and a challenge. This statement aligns with Alibaba’s primary strategic focuses, previously disclosed by the new Alibaba CEO Eddie Wu, which prioritize being “user first” and “AI-driven.” [36Kr, in Chinese]
Related Articles
2025-06-27 04:38
1431 views
New 'browser syncjacking' cyberattack lets hackers take over your computer via Chrome
Hackers have discovered a new way to remotely take control of your computer — all through the
Read More
2025-06-27 04:34
2621 views
Girls with autism may mask condition with social skills
Think autism and an image of an awkward boy typically emerges. The developmental disorder is at leas
Read More
2025-06-27 01:58
429 views
Historic deal establishes world's largest marine protected area in Antarctica
Countries around the world came together in the name of conservation this week.Dozens of nations pas
Read More