"Jack Ma Emerges with Morale-Boosting Message"

1 min read
Source: Yahoo Finance
"Jack Ma Emerges with Morale-Boosting Message"
Photo: Yahoo Finance
TL;DR Summary

Alibaba co-founder Jack Ma has broken his silence by penning a morale-boosting memo to employees, expressing support for the company's restructuring efforts, a year after announcing its decision to split into six units. The rare move from Ma, who has been out of the spotlight for the last few years, comes as Alibaba faces challenges in e-commerce and regulatory crackdowns. In the lengthy post, Ma praised the leadership and acknowledged past mistakes, aiming to restore confidence in the company's leadership amid declining shares and increased competition.

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