LB Select
2023.11.29 03:26
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Jack Ma made a rare internal speech on the company's intranet: "I firmly believe that Alibaba will undergo changes, and Alibaba will make a difference!"

As PDD's market value is only less than 10 billion US dollars away from Alibaba, Jack Ma rarely replied on the internal network, saying that the era of AI e-commerce has just begun, and it is an opportunity and a challenge for everyone. Congratulations to PDD for its decisions, execution, and efforts over the past few years. Everyone can be great, but it is the organization that is willing to reform for a better future and is willing to pay any cost and sacrifice that deserves respect.

Source: Big Factory Youth

Early this morning, according to a message from a colleague at Alibaba:

Mr. Ma made a rare speech on the internal network of Alibaba.

Just last night, after PDD released its third-quarter earnings report for the year 2023, with data up to September 30th, its stock price soared by 18% at the opening, bringing its market value to $185 billion. Meanwhile, the market value of the veteran e-commerce giant Alibaba stands at $194.5 billion, with a difference of less than $10 billion between the two.

The financial data and stock performance of PDD have sparked discussions. Similarly, there are also many colleagues at Alibaba who have posted on the internal network expressing their thoughts on the changes in the industry:

Employee 1:

Subject: Still leaving this post

At this moment, I can't sleep and dare not think. PDD's market value has reached $185 billion, compared to our $194.3 billion, with a difference of only $8 billion. It's really shocking. That seemingly insignificant competitor is becoming the big brother.

I didn't want to post this contentless and uninformative post, but my thoughts led me to leave this post as a memo and as my own motivation. I hope to contribute and surpass with my brothers and sisters in the group.

Employee 2 on the third floor posted:

Simple purchase, simple return, less tricks, more benefits. It has never occurred to me that using Tmall or JD-SWR would make me look more high-end than using PDD... The original intention of making business easier for everyone should be to serve and achieve greater success for the people.

Mr. Ma's reply to Employee 2 on the tenth floor:

Very good. Please provide constructive opinions and suggestions. Especially innovative ideas. I believe that everyone at Alibaba is watching and listening today. I firmly believe that Alibaba will change, Alibaba will improve. All great companies are born in winter. The era of AI e-commerce has just begun, and it is an opportunity and a challenge for everyone. Congratulations to PDD for its decisions, execution, and efforts over the past few years. Everyone has had their moments of brilliance, but it is those who are willing to reform for a better future and are willing to pay any price and make sacrifices that deserve respect. Let's go back to our mission and vision, Alibaba people, let's go! Partner, Jack Ma.