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$BABA-W (09988.HK)$ Finance | Jack Ma calls for fundamental ...

$BABA-W (09988.HK)$ Financial & Economic | Jack Ma calls for fundamental changes at Alibaba.

According to Bloomberg, Alibaba (09988) founder Jack Ma urged employees in an internal memo to learn from pdd holdings and called for fundamental changes in the company they jointly founded decades ago.
Jack Ma responded to employees' posts at an internal Alibaba forum on Wednesday (29th), praising pdd holdings' decisions, execution, and efforts over the past few years, but believes Alibaba will change and "correct its course". Jack Ma also said, "Every great company is born in the winter," "The arrival of the era of artificial intelligence is an opportunity and a challenge for everyone."
This post has been confirmed by people familiar with the internal forum.
Since 2020, Jack Ma has basically not been involved in the company's daily operations; Alibaba representatives did not immediately respond to requests for comments by phone and messages.
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