Jack Ma Backs Alibaba's Restructuring, Calls for AI Readiness

In a rare public appearance, Alibaba's co-founder urges staff to embrace change and focus on core businesses amid ongoing challenges.

Jack Ma, Alibaba's co-founder, has emerged from seclusion to support the company's restructuring and boost morale, urging staff to embrace change and prepare for the AI era.
Alibaba is focusing on customer value and simplifying its structure to concentrate on core businesses of cloud computing and e-commerce, moving away from the pursuit of performance indicators.
The company's stock has significantly declined from its 2020 peak, but Ma and executive chairman Joe Tsai express optimism about Alibaba's future and the importance of learning from past mistakes.
Ma's rare public communications and Tsai's candid discussions aim to rally Alibaba employees at a time when the company faces challenges from regulatory crackdowns and competition.
Alibaba has initiated a $25 billion buyback program and is investing in content creation on its e-commerce platforms to rejuvenate growth and market dominance.