Alibaba co-founder Jack Ma has penned a lengthy memo to employees that expresses support for the internet giant's restructuring efforts, a rare move from the billionaire after spending the last few years out of the spotlight.
Alibaba co-founder Jack Ma has penned a lengthy memo to employees that expresses support for the internet giant's restructuring efforts, a rare move from the billionaire after spending the last few years out of the spotlight.The post, made in an internal company forum, comes one year after Alibaba announced its decision to split into six units - the biggest shake-up in its 25-year history.
In the post, which was roughly a page long, Ma praised the leadership of CEO Eddie Wu and Chairman Joe Tsai and said the split into six divisions had helped streamline decision-making, making Alibaba more agile and customer-focused.
Jacob Cooke, CEO of e-commerce consultancy WPIC Marketing + Technologies, said he believed the letter was aimed at"restoring internal and external confidence in Alibaba's leadership" given that"the chorus of negative voices seems to have risen in 2024."
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