Jack Ma recently shared his views on Alibaba's future development at an internal meeting and affirmed the new management's courage for change. He emphasized that Alibaba has returned to a healthy growth trajectory and supports continued reforms. Jack Ma's remarks came after Pinduoduo's market capitalization surpassed Alibaba, an event that triggered deep reflection within Alibaba and prompted the company to begin organizational restructuring and strategic shifts.

In recent years, Alibaba has faced several challenges, including slowing market growth, overly diversified businesses, and consecutive losses in some segments. These issues are not unique to Alibaba; other internet giants like Tencent and Meituan also face similar difficulties. As the internet industry evolves, these giants have realized the need to streamline their operations, focus on core businesses, and divest non-core assets to improve cash flow.

In an internal letter, Jack Ma pointed out that Alibaba's core transformation should not merely focus on pursuing KPIs but should instead refocus on customer value, simplifying and making the company more agile by improving efficiency and market responsiveness. He believes that only by safeguarding the company's fundamentals can it gain full market recognition and build lasting competitive advantages.

In summary, Alibaba is undergoing a significant transformation aimed at addressing changes and challenges in the e-commerce industry through internal reforms and strategic adjustments. Jack Ma's remarks not only affirm the company's future direction but also serve to boost market and investor confidence. For Alibaba, consolidating its position in the e-commerce sector, improving operational efficiency, and fostering innovation and reform will be key to maintaining its leading position in future market competition.