Jack Ma Praises Alibaba Employees in 25th Anniversary Memo
Alibaba founder Jack Ma issued a rare internal memo to celebrate the company's 25th anniversary, addressing employees with reflections on competition and social responsibility. In the message, Ma acknowledged that being overtaken by competitors is an expected outcome, stating that no company can remain number one forever and that competition strengthens both the organization and the industry. He expressed pride in Alibaba's contributions to societal progress, highlighting specific initiatives such as helping young entrepreneurs start businesses, the Ant Forest tree-planting program, and the development of health code systems during the pandemic. The anniversary also marked a significant financial milestone, as it was the first day mainland Chinese investors could directly purchase Alibaba’s Hong Kong-listed stocks. Following this development, Alibaba’s shares rose by 4.2% in Tuesday trading. The memo, reportedly nearly 1,000 words long, underscores Ma's continued influence despite his low public profile in recent years, focusing on the company's broader impact beyond commercial success.
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Jack Ma Praises Alibaba Employees in 25th Anniversary Memo
Alibaba founder Jack Ma issued a rare internal memo to celebrate the company's 25th anniversary, addressing employees with reflections on competition and social responsibility. In the message, Ma acknowledged that being overtaken by competitors is an expected outcome, stating that no company can remain number one forever and that competition strengthens both the organization and the industry. He expressed pride in Alibaba's contributions to societal progress, highlighting specific initiatives such as helping young entrepreneurs start businesses, the Ant Forest tree-planting program, and the development of health code systems during the pandemic. The anniversary also marked a significant financial milestone, as it was the first day mainland Chinese investors could directly purchase Alibaba’s Hong Kong-listed stocks. Following this development, Alibaba’s shares rose by 4.2% in Tuesday trading. The memo, reportedly nearly 1,000 words long, underscores Ma's continued influence despite his low public profile in recent years, focusing on the company's broader impact beyond commercial success.
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