‘We made countless mistakes’: Alibaba founder Jack Ma steps out from shadows with long internal post – Times of India

'We made countless mistakes': Alibaba founder Jack Ma steps out from shadows with long internal post - Times of India

New Delhi: Alibaba Group co-founder Jack Ma has emerged from his recent retreat from the public eye with an important memo to the company’s employees. This rare communication is seen as an endorsement by Alibaba. Restructuring effortsThis is fueling speculation about Ma’s possible return to a more prominent role in leadership. The tech giant. After the release of Ma’s memo, Shares of Alibaba Hong Kong rose 5.5 percent in morning trade, the stock’s biggest one-day percentage gain since Feb. 6.
In his message, Ma praised the leadership of CEO Eddie Wu and Chairman Joe Tsai. He noted that the company’s decision to split into six divisions a year ago has increased its agility, focused more on customer needs and accelerated decision-making.
According to the SCMP report, Ma affirmed Tsai’s “admirable courage and wisdom” and wrote: “We have made countless mistakes in the past 25 years, and we will.” [continue to] Make mistakes for the next 77 years. Facing problems is not about denying the past, but about finding a way forward responsibly for the future.
Ma’s break from the spotlight began in October 2020 after his critical remarks about Chinese regulatory authorities, which led to Ant Group’s highly anticipated initial public offering (IPO) being shelved. After the incident, China’s tech sector faced intense regulatory scrutiny, during which Ma chose to keep a low profile.
In his latest post, Ma emphasized Alibaba’s commitment to innovation, saying, “Our innovation was never to outpace our opponents, but to capture the future.” He highlighted the nature of innovation as a measure of adaptation rather than pursuit of trends, “Innovation is not about trend following, it’s a test of your true ability to survive.”
Ma’s message to staff is clear: Alibaba must embrace change, focusing on improving the customer experience in the face of a changing technology landscape. The future of e-commerce, according to Ma, lies not in competing with today’s counterparts but in envisioning and realizing the possibilities of tomorrow.
(with input from agencies)

The tech giant,Restructuring efforts,Internal post,Shares of Alibaba,Alibaba founder Jack Ma
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