Alibaba returns to simple and agile structure
Jack Ma, co-founder of Chinese tech heavyweight Alibaba Group Holding Ltd, affirmed on Wednesday the courage Alibaba's new leadership team had to embrace new changes, saying the company has returned to a healthy growth track and will continue to innovate.
Ma wrote in an internal letter to employees that Alibaba's most fundamental change last year was to abandon the blind pursuit of key performance indicator, or KPI, and focus on customer value.
He emphasized Alibaba hacked away at the big company's disease, and has returned from an organization that makes decisions slowly back to one that is simple and agile, where efficiency and the market comes first.
He said the innovation is not to pursue higher profits, but to try to survive in an era full of rapid change, while admitting this path of reform and innovation has never been accompanied by applause.
Ma also noted, "The artificial intelligence era has just arrived. Everything has just begun, and we are in that moment."
Alibaba has set its focus on growing its core e-commerce and cloud computing businesses in the wake of a sweeping restructuring, which was announced a year ago. Joe Tsai succeeded Daniel Zhang as the chairman of Alibaba in September, while Wu Yongming took over the CEO role from Zhang.
Related articles
Travis Kelce downs whiskey shot on slice of bread at Kelce Jam without Taylor Swift
Travis Kelce was spotted taking a whiskey shot from a slice of bread in true southern fashion as he2024-05-21Xi's Reply Letter : A Testament to Five Generations of Friendship
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21Nation's big progress in IP to help advance tech ties
China has become the first country in the world to hold more than 4 million valid domestic invention2024-05-21China moves to expand 5G coverage in outlying border regions, inhabited offshore isles
China will move to expand its 5G mobile network access to all outlying border regions and inhabited2024-05-21Nadal returns to Roland Garros to practice amid doubts over fitness and form
PARIS (AP) — Rafael Nadal returned to Roland Garros on Monday to practice and try and figure out whe2024-05-21China launches new sea routes to South America as trade booms
A new sea shipment route connecting Dalian port in Northeast China's Liaoning Province and South Ame2024-05-21
atest comment