In a rare public statement, Alibaba co-founder Jack Ma has endorsed the e-commerce giant's sweeping restructuring efforts, praising the company's leadership and heralding a new chapter in its evolution. Ma's memo to employees, posted on the company's internal forum, comes after years of relative silence from the billionaire, following a turbulent period marked by clashes with Chinese regulators and a retreat from the public eye.
The memo, spanning roughly one page, lauds Alibaba's decision to undergo a comprehensive overhaul, dividing the company into six distinct business units. Ma commended this move as a transformation from a "cumbersome organization" into a "simple and agile" entity, emphasizing a renewed focus on efficiency and market responsiveness. While acknowledging past mistakes, Ma emphasized the importance of learning from them and charting a responsible path forward.
