Alibaba Co-founder Jack Ma Expresses Support for Company's Restructuring Efforts

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Alibaba,Jack Ma,Restructuring

Jack Ma, co-founder of Alibaba, has written a memo expressing support for the company's restructuring efforts, indicating a potential return to a more active role. The memo praises the leadership of CEO Eddie Wu and chairman Joe Tsai and highlights the positive impact of the company's divisional split. Ma's public support comes after a period of withdrawal from the spotlight and regulatory challenges faced by Alibaba.

) co-founder Jack Ma has penned a rare lengthy memo to employees that expresses support for the internet giant's restructuring efforts, a sign that he may be willing to take a more active role after spending the last few years out of the spotlight.

In the post, which was roughly a page long, Ma praised the leadership of CEO Eddie Wu and chairman Joe Tsai and said the company's split into six divisions a year ago had helped streamline decision-making, making Alibaba more agile and customer-focused. "Our innovation has never been to surpass our opponents, but to catch up to the future," he wrote in the post."Innovation is not about following the trend, it's a test of your true ability to survive."Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

 

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