{"id":178767,"date":"2023-12-20T21:22:30","date_gmt":"2023-12-21T03:22:30","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2023\/12\/every-great-company-is-born-in-a-winter-jack-ma-stuns-alibaba-employees-with-memo-calling-for-firm-he-co-founded-to-correct-its-course"},"modified":"2023-12-20T21:22:30","modified_gmt":"2023-12-21T03:22:30","slug":"every-great-company-is-born-in-a-winter-jack-ma-stuns-alibaba-employees-with-memo-calling-for-firm-he-co-founded-to-correct-its-course","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2023\/12\/every-great-company-is-born-in-a-winter-jack-ma-stuns-alibaba-employees-with-memo-calling-for-firm-he-co-founded-to-correct-its-course","title":{"rendered":"Every great company is born in a winter\u2019: Jack Ma stuns Alibaba employees with memo calling for firm he co-founded to \u2018correct its course"},"content":{"rendered":"

<\/a><\/p>\n

Jack Ma<\/a> urged Alibaba Group Holding Ltd. to correct course in a surprise internal memo, in which the billionaire called for fundamental change across the company he co-founded decades ago.<\/p>\n

Ma, who has mostly stayed away from day-to-day operations since 2020, stunned employees Wednesday by replying to a staff post on Alibaba\u2019s internal forum. In his brief message, the entrepreneur praised decisions taken in recent years by rival PDD Holdings Inc. to wrest market share from China\u2019s e-commerce leader. But Ma was convinced Alibaba will change and \u201ccorrect its course,\u201d he said in a post<\/a> confirmed by people familiar with the forum.<\/p>\n

Alibaba, once China\u2019s best candidate to become a trillion-dollar company, is trading near its lowest value this year, at a fraction of its peak in 2020. The company is navigating turmoil both internally and externally, as a weaker-than-anticipated economic recovery and up-and-coming rivals such as PDD and ByteDance Ltd. undermine its once-dominant online retail business.<\/p>\n","protected":false},"excerpt":{"rendered":"

Jack Ma urged Alibaba Group Holding Ltd. to correct course in a surprise internal memo, in which the billionaire called for fundamental change across the company he co-founded decades ago. Ma, who has mostly stayed away from day-to-day operations since 2020, stunned employees Wednesday by replying to a staff post on Alibaba\u2019s internal forum. In [\u2026]<\/p>\n","protected":false},"author":556,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43,39],"tags":[],"class_list":["post-178767","post","type-post","status-publish","format-standard","hentry","category-business","category-economics"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/178767","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/556"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=178767"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/178767\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=178767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=178767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=178767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}