Business
Alibaba at 25: Jack Ma Urges Steadfastness Amid Competitive Pressure, Calls for Belief in the Future
Jack Ma, the founder of Alibaba, encourages his business conglomerate to stay firm and have faith in what's to come. In commemoration of Alibaba's 25th year, Ma appealed to every staff member to withstand the stress of competition, despite the numerous obstacles they face.
In a letter posted on Alibaba's internal website on Tuesday, celebrating the group's 25th year since its establishment, Ma expressed that numerous sectors of the company are at risk of being outpaced due to the "renewed rise of… technology and intense competition across different fields".
"It's anticipated because no business can perpetually maintain dominance in any sector," penned Ma, who has largely remained out of the public eye in recent times. "We have to continually remember not to lose our identity in the face of competition."
He stated that Alibaba is comprised of "a visionary spirit", indicating that "we have faith in the future, we trust in the market".
Two seventeen
Following a lengthy period away from China, Jack Ma resurfaces, making an uncommon visit to a school in Hangzhou.
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