Posted 4/10/2024, 5:26:00 PM
Jack Ma Sends Rallying Memo to Alibaba Employees, Praises New Leadership Despite Recent Struggles
- Jack Ma sent a rare, motivational memo to Alibaba employees, his longest in 5 years
- He acknowledged Alibaba's past mistakes but praised new CEO Eddie Wu and Chairman Joe Tsai
- It's been a tough year for Alibaba with a major restructuring, $2.8B antitrust fine, govt scrutiny
- Ma encouraged the company to admit and correct past problems and make reforms
- He previously planned to sell Alibaba shares but recently spent $50M buying more