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Jack Ma's Memo to Alibaba Amid Strengthening of New Competitors

A number of new companies from China have emerged, from Shein, Tiktok Shop, to Temu, in the global e-commerce market.

This article has been translated using AI. See Original .

By
MEDIANA
· 4 minutes read
One of the founders of the Alibaba Group, Jack Ma, arrived at the Tech for Good event on May 15, 2019, in Paris, France.
AP/THIBAULT CAMUS

One of the founders of the Alibaba Group, Jack Ma, arrived at the Tech for Good event on May 15, 2019, in Paris, France.

One of the founders of Alibaba, Jack Ma, has written a long memo to Alibaba employees, essentially providing moral support for the body's restructuring efforts the tech giant. This step is rare, especially after withdrawing from the public for the last few years.

Alibaba's stocks listed on the Hong Kong stock exchange rose 5 percent following Jack Ma's widely publicized memo on Wednesday (10/4/2024).

Editor:
FX LAKSANA AGUNG SAPUTRA
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