Jack Ma may not have expected that Pinduoduo's market value would one day close to or even surpass that of Alibaba since its establishment, with a difference of just over $8 billion. In response, Jack Ma responded.
On Alibaba's intranet, an employee expressed his feelings and was surprised by the rapid growth of Pinduoduo's market capitalization. He said he had trouble sleeping and his mind was full of thoughts and reflections.
He was shocked that Pinduoduo's market capitalization had soared to $185.5 billion, a gap of only $8 billion from Alibaba's $194.3 billion.
His uneasiness and fear stemmed from the fact that the friend who was once ignored has now become a leader in the industry, which is amazing. The consequences of this slash are unpredictable, but it has a huge impact in the market, and it may even become their most dangerous and threatening opponent.
November 29 is a day of great significance. Alibaba founder Jack Ma, a partner at Alibaba, responded to recent discussions and concerns about the difference in market capitalization between Pinduoduo and Alibaba and operational proposals in a high-profile statement on the company's intranet.
Jack Ma, one of the core figures of Alibaba Group, is known for his unique and thoughtful rhetoric. He chose to speak as "Partner Jack Ma" on the company's intranet, demonstrating his influence and sense of responsibility to employees and the entire organizational structure.
Jack Ma highlighted the difference between the market capitalization of Pinduoduo and Alibaba. He accurately captured the general concerns and doubts of employees, and gave his own unique and objective opinion.
In addition, he responded to operational suggestions and other questions raised by employees. When talking about the rise of the AI e-commerce era, Jack Ma said that this era has just begun, and it is both an opportunity and a challenge for everyone.
He is a firm believer in this and believes that Alibaba will continue to change and improve. The widespread application of AI technology has brought earth-shaking changes to the e-commerce industry, and Jack Ma is aware of the unlimited potential and opportunities brought by this change.
He emphasized that every business should embrace this new era and strive to adapt to the changes in it. He stressed that Alibaba must always maintain an open and innovative attitude, and actively adapt to changes in market demand and consumer expectations.
Only by constantly improving ourselves and bringing forth the new can we be invincible in the fierce competition. Jack Ma also expressed his appreciation for Pinduoduo's development over the past few years and congratulated the company on its decision-making, execution and efforts.
He believes that Pinduoduo has made a series of wise and decisive decisions over the past few years, from product positioning to marketing, all of which reflect the wisdom and insight of the company's leadership.
This is also his sincere congratulations to Pinduoduo as a new e-commerce giant that has achieved amazing achievements in just five years. Whatever your preferences or biases about its products, you can't ignore the remarkable fact that its annual trading volume is more than one trillion dollars and its market capitalization has recently surpassed $100 billion.
Such achievements make people have to pay attention and Xi. So here by the way, let's talk about the history and founder of Pinduoduo. Huang Zheng, the founder of Pinduoduo, is a high-profile entrepreneur who is in his 40th year.
Just two years after Pinduoduo was founded, the Chinese e-commerce giant successfully went public in the United States. As the stock price continued to rise, so did Mr. Huang's personal wealth, reaching a staggering $50 billion.
According to reliable sources, he is now worth 182 billion, a jaw-dropping figure. This achievement has made his position in the e-commerce industry unshakable, and he is known as the leader of the e-commerce industry after Jack Ma.
In addition, his achievements have also made him the third richest person in the mainland after Ma Huateng and Ma Yun, and his wealth is undoubtedly the envy and pursuit of many entrepreneurs and investors.
Huang Zheng, a successful example of an ordinary person. In just two years, Pinduoduo has quickly risen to the global stage. Huang Zheng, undoubtedly a visionary entrepreneur, founded Dream Hunt Games in 2013 and led the entrepreneurial team to rise rapidly.
After two years of struggle and continuous exploration, they successfully incubated a high-profile project in 2015 - Pinduoduo. When he founded Dream Games, Huang Zheng fully realized the huge potential of the game industry.
He firmly believes that in the era of mobile Internet, the game market will be a booming industry full of opportunities. Therefore, he resolutely invested a lot of resources and energy in building this company.
However, in a competitive and unpredictable gaming industry, success is not easy. After repeated trials and improvements, they finally incubated a project that attracted widespread attention in 2015 - Pinduoduo.
Since its launch, Pinduoduo has quickly achieved remarkable results, but problems have also arisen. On the Pinduoduo platform, product quality has always been a long-standing problem.
Since the 2017 incident, which attracted widespread attention, Pinduoduo officials have immediately taken positive steps to address the problem. They removed more than 10 million problematic items, a huge operation.
By doing so, Pinduoduo aims to repair the damage to their brand image and regain the trust of consumers. It's worth mentioning that before that incident, Pinduoduo probably didn't realize that product quality would be one of the challenges for their platform.
However, such a major blunder taught the company a lesson and forced them to set out to solve the problem.
Pinduoduo removed a large number of products from the shelves, which was time-consuming, labor-intensive and costly, but in order to protect the rights and interests of users and enhance the brand image, they paid the effort and price. Despite this, this incident of fakes has left a deep negative impact on the public mind and cannot be reversed.
This can't help but remind people of Ali, which has just been listed, and has also been criticized in the international community for the problem of counterfeit goods. In fact, this is also the only way for every new thing to grow, and there will always be mistrust.
Huang Zheng, the founder of Pinduoduo, has a deep experience: "What Ali has experienced, Pinduoduo will experience again." And he did, and now Pinduoduo has successfully fought back against the fakes.