Jack Ma leads restructuring of Alibaba to rejuvenate the company. In a rare public gesture, he praises rejuvenation efforts and encourages employees to remain steadfast. Stock price rises.
Alibaba Group Holding Limited (NYSE:BABA), under the guidance of Jack Ma, is undergoing a significant restructuring to rejuvenate the company. Ma expressed his support on an internal Alibaba forum in a rare public gesture, marking his second appearance in recent months to bolster morale among employees of the Chinese e-commerce giant he helped establish. The stock price climbed after the report. Having stepped back from the limelight in the past few years, the billionaire drafted a detailed memo
Alibaba co-founder Joe Tsai says China is 2 years behind US in AI development due to technology restrictions. Companies seek alternatives to circumvent limitations.