bullsit when u left the compan

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2023-11-29

bullsit when u left the company and talk only behind

Jack Ma Asks Alibaba to "Change" and Praises PDD in Rare Memo

(Bloomberg) -- Jack Ma urged Alibaba staff to take a page from hard-charging rival PDD Holdings Inc. in a surprise internal memo, in which the billionaire called on the company he co-founded decades a

Jack Ma Asks Alibaba to "Change" and Praises PDD in Rare Memo

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In his brief message, the entrepreneur praised PDD’s decisions in past years. But Ma was convinced Alibaba Group Holding Ltd. will change and “correct its course,” he said in a post confirmed by people familiar with the forum. </p><p>“Every great company is born in a winter,” the billionaire wrote. “As the AI era gets underway, it’s an opportunity for everyone as well as a challenge.”</p><p>Ma’s missive comes as Alibaba navigates turmoil both internally and externally, where a weaker-than-anticipated economic recovery and up-and-coming rivals such as PDD and ByteDance Ltd. are undermining its once-dominant e-commerce business. An Alibaba representative didn’t immediately respond to a call and message seeking comment.  </p><p>The company this year has undergone a series of internal upheavals, starting with the announcement of a plan to break up the corporation into six smaller pieces. Then-Chief Executive Officer Daniel Zhang stepped down after the company brought in two longstanding Ma confidantes, Joseph Tsai and Eddie Wu, to run the company. 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In his brief message, the entrepreneur praised PDD’s decisions in past years. But Ma was convinced Alibaba Group Holding Ltd. will change and “correct its course,” he said in a post confirmed by people familiar with the forum. “Every great company is born in a winter,” the billionaire wrote. “As the AI era gets underway, it’s an opportunity for everyone as well as a challenge.”Ma’s missive comes as Alibaba navigates turmoil both internally and externally, where a weaker-than-anticipated economic recovery and up-and-coming rivals such as PDD and ByteDance Ltd. are undermining its once-dominant e-commerce business. An Alibaba representative didn’t immediately respond to a call and message seeking comment.  The company this year has undergone a series of internal upheavals, starting with the announcement of a plan to break up the corporation into six smaller pieces. 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