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
- Israel’s defense minister said Monday the military would expand its operations in the southern Gaza2024-05-21
Seth Lugo dominates with career
ANAHEIM, Calif. (AP) — Seth Lugo racked up a career-high 12 strikeouts and allowed one run over eigh2024-05-21Bruins captain Marchand scratched from Game 4 of Eastern Conference semifinals against Panthers
BOSTON (AP) — Brad Marchand, the Boston Bruins captain and the team’s leading scorer in the playoffs2024-05-21Ukraine to face critical phase of war in next two months: commander
KIEV, May 10 (Xinhua) -- Oleksandr Pavliuk, commander of the Ukrainian Ground Forces, said the count2024-05-21Devout Christian doctor, 68, who punched dementia
An 'arrogant' doctor who punched a vulnerable patient for making a racist comment and spitting at hi2024-05-21Becoming a parent massively changes your friendships
Childless couples now account for more than 40 per cent of family households in the UK, official sta2024-05-21
atest comment