Jack Ma Urges Alibaba to ‘Correct Course’ in Internal Memo

Alibaba co-founder Jack Ma urged the company to correct course in a surprise internal memo, in which the billionaire called for fundamental change across the company he co-founded decades ago. Bloomberg's Henry Ren and Isabelle Lee join Caroline Hyde and Ed Ludlow to break it all down on "Bloomberg Technology."
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[@lokyinphotography]

I mean the company is actually making money, although PDD is eating their lunch, but most people neglected that Alibaba isn't only a e-commerce giant, but also they have many individual investments that's still growing. You can't live in China without using Alipay. Not to mention the cash they're holding as a company.

[@JoshuaEdward12]

Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look.

[@JoshuaEdward12]

Such market uncertainties are the reason I don’t base my market judgements and decisions on rumours and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up 750k within 2 years.

[@JoshuaEdward12]

Having a counsellor is essential for portfolio diversification. My advisor ASHLEY AIRAGAHI who is easily searchable and has extensive knowledge of the financial markets.

[@necromancer7712]

PDD is gonna blow up at everyone’s face. crypto like rise. alibaba management is very rational, long term will make strong moves

[@jackb616]

Gaining market share by undercutting rivals..what could go wrong?

[@rudra7615]

Did he comment in person? No PDD did the comment

[@anjaseidl4003]

Maybe Jack Ma has shares in Pinduoduo and noone knows.

[@thatguyinthathat.s6969]

PDD is going to crash like WISH.

[@SP-bw3zp]

I am bored looking and hearing white blondes on Bloomberg; this Henry Ben will be a pleasant change for the better. Give him more space on the channel!

[@marcedrickirby6348]

MARCEDRIC KIRBY FOUNDER CEO. MARCEDRIC.KIRBY INC.