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jack ma’s latest statement!

on september 10, the 25th anniversary of alibaba's founding, jack ma expressed his gratitude on the intranet, saying that he was proud that the company had the opportunity to participate in promoting social progress and that he was proud of alibaba's people for their loyalty, righteousness and ideals.

"ali is ali because we are idealistic. we believe in the future, we believe in the market, and we believe even more that only a kind-hearted company that creates real value for society can persist in its 102-year journey," jack ma said in the letter.

look back

in the letter, jack ma said that 25 years ago, he believed in the future, believed in internet technology, and believed that he could do something proud of in china and even in the world through hard work. starting with 18 people, he firmly believed that "ordinary people can do extraordinary things". jack ma said that he hoped to gather a group of people with feelings and righteousness to do meaningful things for the society, and expressed his gratitude to the times, the alibaba people who have made contributions, as well as customers, investors and all walks of life.

"what i am most proud of in the past 25 years is not how many companies we have founded, but how much change and value these companies have brought to society. what i am proud of is not how much money we have made or how high the market value is, but that after making money, alibaba people still have ideals and are loyal and righteous." jack ma said on the intranet that what makes him proud is that he can work with alibaba people, experience together, persevere together, explore the future together, taste failures and lessons together, and "debate about the future, imagine the future, and create the future with so many outstanding young people in alibaba!"

in this intranet speech, jack ma expressed a series of achievements that made him proud, such as creating payment, participating in logistics, investing in "cloud", etc., as well as promoting social progress, ant forest and other initiatives.

"today, we see that internet ai technology is surging again and competition in various industries is fierce. many of alibaba's businesses are facing challenges and are at risk of being surpassed." jack ma also admitted that this was expected, because no company can always stay number one in any field, and only competition can make a company stronger and the industry healthier. what's more, alibaba has never been a protected company. alibaba believes in the power of the market and the value of innovation.

jack ma said that 25 years is almost a quarter of the way to 102 years. "we must always remind ourselves not to lose ourselves under the competition and pressure of the situation. the reason why alibaba is alibaba is because we have an idealistic spirit. we believe in the future, we believe in the market, and we believe even more that only kind-hearted companies that create real value for society can persist in the 102-year journey."

spoken twice this year

just five months ago, one year after alibaba’s internal transformation, the retired jack ma made a rare statement on the intranet.

on april 10, jack ma published a post titled "to reform and innovation" on alibaba's internal website, highly praising the courage of the new management team composed of joseph tsai and wu yongming for change, saying that alibaba has returned to a healthy growth track and supports continued reform.

this is also the first time in five years that jack ma, who retired, has shared at length his thoughts on the company's reform and innovation and future prospects.

at that time, jack ma pointed out in an internal letter that the most important change in alibaba over the past year was not to catch up with kpis, but to recognize itself and return to the track of customer value. by tackling the problems of large companies, alibaba returned to efficiency and market first, becoming simple and agile.

he believes that the new management "faces problems and the future head-on, believes in young people, fully empowers the young team, and makes decisive and clear choices about what we want and what we don't want." "it's not only about breaking through yesterday's solidified strategy, but also about building the alibaba of the future."

regarding the future of the industry, jack ma believes that "a span of three to five years is like a century for the internet industry, which is enough time for earth-shaking changes to occur. the ai ​​era has just arrived, and everything has just begun. we are in the right time!"

according to an alibaba insider, jack ma signed his name in this post as "feng qingyang" and wrote in a firm and optimistic tone. "although mr. ma has not been in a specific management position in recent years, as a founder, he always stands up at critical moments in the company's development to answer employees' questions and encourage them."

it is worth mentioning that at the beginning of this year, alibaba group founders jack ma and joseph tsai both increased their holdings of alibaba shares. on the evening of january 23rd, beijing time, a 13f document on the website of the u.s. securities and exchange commission showed that in the fourth quarter of 2023, joseph tsai's family fund blue pool increased its holdings of alibaba's u.s.-listed shares worth approximately us$151 million.

in addition, according to the new york times, jack ma purchased $50 million worth of hong kong-listed shares in the fourth quarter of 2023. the report also stated that jack ma has been buying alibaba shares in recent months, as has joseph tsai. analysts pointed out that the founders' substantial increase in holdings reflects their confidence in alibaba's future development, management team and strategic direction.

big news

on the evening of september 9, the shanghai stock exchange and the shenzhen stock exchange issued an announcement stating that due to the adjustment of the constituent stocks of the hang seng composite large cap index, mid cap index, and small cap index, according to relevant regulations, the list of hong kong stock connect targets has been adjusted and will take effect from september 10, 2024. among them, 33 stocks including alibaba, zhixing automotive technology, sf express, and cloud music were added.

the above announcement means that southbound funds will be able to purchase alibaba and other stocks through the hong kong-shenzhen stock connect. according to goldman sachs's estimates, southbound funds will bring alibaba a potential capital inflow of us$15 billion to us$16 billion.

on the afternoon of august 30, the state administration for market regulation issued an announcement, announcing that alibaba group had completed three years of rectification and achieved good results.

china securities journal reporter learned from alibaba's response: "for alibaba, this is a new starting point for development. in the future, we will continue to focus on innovation, adhere to compliant operations, increase investment in technology, promote the healthy development of the platform economy, and create more value for society."

the state administration for market regulation stated in the announcement that alibaba strictly regulates its own business operations, conscientiously implements the platform's main responsibilities, improves the corporate compliance management system, and improves the service level of merchants and consumers on the platform. the compliance rectification work has achieved good results. in the next step, the general administration will provide solid guarantees for building a world-class enterprise and enhancing international competitiveness.

on august 28, alibaba group issued an announcement, officially completing its dual primary listing in hong kong, becoming a company with dual primary listings on the hong kong stock exchange and the new york stock exchange, marking a new milestone in the company's development.

in addition, alibaba group continued to undergo transformation last year:

in march 2023, alibaba announced the launch of the "1+6+n" organizational reform, whereby each business group and company can independently raise funds or go public when appropriate;

in september 2023, zhang yong, who had served as ceo of alibaba for eight years and chairman of the board for four years, retired. joseph tsai and wu yongming became chairman of the board of directors of alibaba group and ceo of alibaba group respectively.

in december 2023, about 100 days after taking over as ceo of alibaba group and alibaba cloud, wu yongming replaced dai shan as ceo of taotian. after that, wu yongming began to carry out drastic reforms, and six young managers took over the key businesses of taotian.

editor: yang yucheng

proofreading: liu rongzhi