Jack Ma stated in an inner Alibaba memo on Wednesday that the corporate he co-founded has “returned to wholesome progress” since new chairman Joe Tsai and CEO Eddie Wu got here to energy. Ma additionally shared his help for the corporate’s continued reforms. In a 1,000-word publish titled “To Reform, To Innovation,” Ma first thanked Tsai’s “braveness and dedication” after the chair publicly admitted on a current podcast that Alibaba had misplaced give attention to its actual prospects in recent times. The famed entrepreneur additionally praised the brand new management for its “admirable braveness and knowledge” to guide one of many largest reorganizations within the e-commerce large’s historical past. Ma’s memo comes after Alibaba canceled its cloud computing unit and logistics arm Cainiao’s public itemizing plans inside the house of a 12 months. He additionally urged workers to consider what e-commerce may seem like within the subsequent three or 5 years, emphasizing that “the AI period has simply arrived.” [Jiemian, in Chinese]
