As we all know, Jack Ma is a banner of China's Internet industry, and his success story has not only inspired generations of entrepreneurs, but also made him a legend in China's business world. However, the recent news that Jack Ma cashed out more than 6.3 billion yuan and left the market in a low-key manner has sparked discussions about whether the Jack Ma era is over. Is the once glorious Jack Ma really a thing of the past?
Recently, the Jack Ma family announced that it had cashed out more than 10 million shares of Alibaba**, with a total market value of more than 6.3 billion US dollars (about 6.3 billion yuan), which immediately caused a shock in the market. After all, as the founder of Alibaba, Jack Ma has always shown an attitude of not being interested in money, he has said many times: "I am not interested in money, I have never touched money since I started my business". However, why is Jack Ma crazy cashing out?This has sparked speculation about the reason for his departure.
Jack Ma's success story stems from the vigorous development of the Internet, especially in the last decade or so, with his insight into the market and the courage to innovate, Jack Ma has developed Alibaba from a small B2B platform to one of the world's largest e-commerce companies. His success quotes have been talked about by people and have become the object of countless entrepreneurs.
However, Jack Ma's life seems to have taken a turn in 2020. At the Bund Finance Summit, he put forward the idea of a financial pawnshop, which made him a key focus of Chinese regulators. In the past three years, Alibaba has been frequently subject to anti-monopoly investigations and has been fined 18.2 billion yuan. At the same time, Ant Financial was also suspended and re-regulated. This series of events has seriously shaken Jack Ma's position.
Since then, Mr. Ma has chosen to stay away from China's business circles, and he has traveled to Northern Europe, Japan and other places many times, living a different retirement life than before. It wasn't until March of this year that news of his return to China came. His departure was not only the cause of external pressure, but also the result of the collapse of his inner spirit.
Jack Ma's return has brought a boost to private enterprises, but unfortunately, times have quietly changed. The rapid rise of new business formats such as new retail and live streaming has caused the traditional e-commerce market to gradually shrink. The popularity of Double 11 is declining year by year, and many people even believe that this kind of ** activity has become unsustainable.
In addition, in the field of big health, Alibaba is also facing challenges. Although Jack Ma has expressed the importance of the health industry, Alibaba Health's momentum seems to be slightly weaker compared to other competitors. According to reports, as of September last year, Ali Health's revenue accounted for only 37 percent of the latecomer JD Health4%, and the profit is only 54% of the latter. This shows that there is a big gap between Alibaba Health in terms of market share and profitability.
However, this is not to say that Jack Ma's departure means the decline of the health industry. In fact, Chinese's concern about health has always been high. In recent years, with the improvement of the domestic academic environment and the improvement of the talent training system, more and more young people have begun to emerge in the health industry. They may lack practical experience, but they are full of youthful energy and innovative thinking.
Taking JD Health as an example, the company quickly occupied the market of middle-aged and elderly high-net-worth individuals by introducing domestic high-end health brands, such as Timeshop's Yishenghao. With the concepts of "healthy aging" and "anti-aging", Yishenghao 21000 has set off a trend of rejuvenation in the market. And this kind of domestic product attributes and the basis of aging intervention technology have made Yishenghao win a good reputation among consumers.
According to statistics, during this year's Double 11, the growth rate of men's consumer goods exceeded that of women's nutrition and skin care products. Yishenghao 21000 once became the top of the JD health product transaction list, showing the importance that consumers attach to health. Some reviews said that after purchasing Yishenghao 21000, I felt that the fatigue disappeared and I felt much younger. This shows that the health industry still has huge market potential under the current situation.
Jack Ma's departure does not mean the decline of China's health industry, on the contrary, with the improvement of the domestic academic environment and the improvement of the talent training system, more and more young people will emerge in the health industry. Although they may not have the practical experience of the older generation of entrepreneurs such as Jack Ma, they are full of youthful energy and innovative thinking, and have the joy and sense of accomplishment to achieve from weak to great.
Overall, the end of the Jack Ma era does not mean that there is no future for the Chinese business community. On the contrary, with the rise of a new generation of entrepreneurs, China's business environment will become more diverse and dynamic. As the people once pointed out: "There has never been an era of Jack Ma, only Jack Ma of the times." "We should be full of confidence in the future and believe that the future of China's business community will be better.