Alibaba (09988) 25th Anniversary: Jack Ma speaks internally: Internet AI technology is surging, only competition can make oneself stronger.
September 10th marks the 25th anniversary of Alibaba (09988, BABA.US) being founded.
September 10th is the 25th anniversary of Alibaba Group Holding Limited Sponsored ADR (09988, BABA.US), and Jack Ma posted on the internal network of Alibaba Group Holding Limited Sponsored ADR to encourage Alibaba employees: "The reason why Alibaba is Alibaba is because we have the spirit of idealism. We believe in the future, we believe in the market, and we believe that only a kind company that creates true value for society can persist in walking the 102-year road."
Jack Ma said, "What I am most proud of in these 25 years is not how many companies we have founded, but how much change and value these companies have brought to society. I am not proud of how much money we have made or how high our market value is, but it is that even after making money, Alibaba employees still have ideals and are still sincere and understanding. I am proud that without payment, we created payment; without logistics, we participated in logistics; without internet support technology, we invested in the cloud; when credit was worthless, we made credit priceless."
Looking towards the future, Jack Ma directly mentioned that currently, internet AI technology is surging, competition is fierce in various industries, and many of Alibaba's businesses are facing challenges. He said, "No company can always remain the first in any field, and only through competition can one become stronger, make the industry healthier. Moreover, Alibaba has never been a company that was protected", "We must always remind ourselves not to lose ourselves under competition and situational pressure."
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