Alibaba's recent high-level blood change, what does this mean?How do Jack Ma and Liu Qiangdong feel about this?Do entrepreneurs feel the same way as we onlookers?The rise of Pinduoduo has made Ali feel in crisis, but will Jack Ma's reform plan succeed?It's all full of unknowns. Alibaba Group's recent changes at the top have attracted a lot of attention. Wu Yongming, CEO of Alibaba Group and chairman of Taotian Group, was appointed CEO of Taotian Group to assist in the establishment of Alibaba Group Asset Management, while Daniel Zhang, the former chairman of the board and CEO, was replaced three months ago. This substitution is obviously not just an ordinary personnel adjustment, but part of Alibaba's response to the severe crisis. Ali's"Eighteen Arhats"Wu Yongming and Dai Shan, both of whom are engineering graduates with extensive experience in technology and customer service sales, are both founders.
Wu Yongming's return to Alibaba and taking on important responsibilities reflects the company's three major intentions: firmly focusing on the trade-offs of the main business, rejuvenating the management team, and leading the change with technological innovation. This appointment marks the beginning of Ali's major blood change plan. So, who was Ali forced to?Pinduoduo and live streaming, especially Pinduoduo. At the end of last year, Liu Qiangdong of JD.com returned to front-line management, also because of pressure from Pinduoduo. Today, Pinduoduo's single-quarter revenue has increased by 93% year-on-year9, the market value even exceeds Ali. This pressure also made Jack Ma applaud in his internal reply, emphasizing that he believes more in Ali's change. And Liu Qiangdong also expressed his determination not to give up easily. However, entrepreneurs and bystanders often don't feel the same way. The rapid rise of Pinduoduo has put pressure on companies such as Alibaba and JD.com, and entrepreneurs may have smelled the crisis for a long time. Just like the early portal**, who would have thought the rise of today's headlines?
Huang Zheng of Pinduoduo may also be worried about who will replace them. This strong sense of crisis gave birth to Ali's big blood exchange plan. However, will Ali be able to successfully realize the exchange transfusion program and fill the management with young blood?This is not an easy task. Perhaps we can learn from Huawei's approach by providing better retirement benefits, allowing older employees to make way and give them more opportunities to develop. But will Jack Ma succeed in winning this battle?This is an unknown. The rise and fall of an enterprise depends not only on the younger management, but also on the support of other parties. Pinduoduo's success does not depend solely on technology, there are many factors that determine the success or failure of a company, and the path to success cannot be predicted in advance. The vocation of an entrepreneur is to keep trying and making mistakes, because it is better to reform than to be eliminated. For China's macroeconomy, a highly competitive market is beneficial. For example, Pinduoduo's rapid growth in overseas markets has contributed greatly to China's import and export data.
Therefore, the fierce competition of entrepreneurs in the market contributes to the well-being of consumers and the recovery of the Chinese economy. Finally, the ups and downs of the market are unpredictable, and the hard work and efforts of entrepreneurs also deserve our respect and tolerance.