Source | China Visits Network Author | Yihang Studio September 10th is the 25th anniversary of the founding of Alibaba, and it is also the 60th birthday of founder Jack Ma. On this day, Jack Ma posted on Alibaba's intranet that Alibaba believes in the power of the market and

Source | China Visitor Network

Author | Yihang Studio

September 10th is the 25th anniversary of the founding of Alibaba, and it is also the day of the founder Ma Yun's 60th birthday.

On this day, Jack Ma posted on Alibaba’s intranet that Alibaba believes in the power of the market and the value of innovation. He also mentioned 11 “proud” words in a row, revealing Alibaba’s attitude of “a promising future”. The last time he spoke was on the first anniversary of Alibaba's internal changes in April this year, he responded positively to the statement that "Alibaba admitted to making mistakes" and hoped that Alibaba would "admit and correct yesterday's problems, and more importantly, reform for the future."

months have passed, Jack Ma has changed from "Come on, Alibaba" to "I am proud because I am an Alibaba person". Where does the confidence come from?

The boat has passed the Ten Thousand Mountains?

In fact, Jack Ma’s attitude change is related to Alibaba’s development trajectory. When Alibaba made its announcement in April this year, Alibaba had just concluded its intense internal adjustments, and its drastic path of change made the market very worried. At that time, after his retirement, Jack Ma rarely shared his views on the company's reform and innovation in a long way, affirming Cai Chongxin and Wu Yongming's determination and attitude towards proactive change. He also said that "the road to reform and innovation will never be accompanied by applause."

Months have passed, and Alibaba has indeed undergone significant changes. Not only has its business synergized across multiple curves and grown significantly, it has also gone through a three-year cycle and won the recognition of regulators.

html On August 15, Alibaba Group announced its first quarter results for fiscal year 2025, with revenue of 243.24 billion yuan, a year-on-year increase of 4%; adjusted ebita profit was 45.035 billion yuan. Among them, Alibaba Cloud's public cloud revenue grew by double digits, and AI-related product revenue achieved triple-digit growth. Adjusted ebita increased by 155% year-on-year; Alibaba International Digital Business Group's revenue increased by 32% year-on-year; Cainiao's quarterly revenue increased by 16% year-on-year.

On August 30, the State Administration for Market Regulation issued an announcement announcing that Alibaba had completed the three-year rectification starting in April 2021 as scheduled. In the past three years, Alibaba has internalized rectification into self-reform, proactively embraced changes and reforms, and has been recognized by the country. Ali responded in a low-key manner: "For Alibaba, this is a new starting point for development. In the future, we will continue to be based on innovation, adhere to compliance operations, increase investment in science and technology, promote the healthy development of the platform economy, and create more value for society. ."

In addition to this, there is good news. On September 9, the Shanghai Stock Exchange and Shenzhen Stock Exchange announced that Alibaba-w (09988.hk) was officially included in the Southbound Trading Link, effective from September 10, 2024.

happened to be Alibaba’s 25th birthday, so I sent this “birthday gift”. This also means that mainland investors can directly invest in Alibaba stocks through Southbound Trading, which may bring more liquidity to Alibaba. As of the close of trading on September 10, Alibaba's price rose by 4.21% to HK$81.60 per share. As of the close of trading on September 12, Alibaba was trading at HK$83.200 per share, an increase of 2.15%.

The continuous good news has become Ma Yun’s confidence. Compared with previous reflections and anxiety, Ma Yun’s speech this time focused on encouragement and confidence. He used eleven “pride” in a row to express his identity as Alibaba. People are proud, but whether Ali can win in the competition remains to be tested by time.

Both Jack Ma and Alibaba have kept a low profile.

Some netizens questioned in the comment area of ​​related topics. Is Jack Ma’s “11 prides” too high-profile? In fact, compared to Alibaba's 20th anniversary party five years ago, which had an atmosphere comparable to a concert, this was already extremely low-key. After all, Jack Ma personally sang "Blooming Life" at that time, which was so passionate.

But it was also during that time that the People's Financial Review of People's Daily released the comment titled "There is no so-called Jack Ma era, only Jack Ma in the era", which caused thousands of waves. This incident was also like a "watershed" ". Subsequently, Alibaba bid farewell to its "rapid growth". The glory of the former king of e-commerce gradually faded, and Jack Ma also kept a low profile or even "disappeared."

In the days that followed, Alibaba learned to keep a low profile and proactively embrace changes and reforms. After experiencing a year of changes in 2023, Alibaba has made decisive and clear choices and achieved certain results. For example, as mentioned above, its AI-related product revenue has achieved triple-digit growth, and its public cloud business has achieved double-digit growth, which to a certain extent proves the strategic value of many early adjustments.

However, financial report data shows that the group’s operating profit fell by 15% year-on-year in this quarter, and net profit fell by 27% year-on-year. The company explained that it was due to the decline in operating profits and the increase in investment impairment. Profits have dropped so sharply that it deserves vigilance. At the same time, "n" series businesses such as local life and large entertainment sectors continued to reduce losses. Overall, Alibaba’s challenges have not yet been fully overcome, and this will be a “long-term war.”