Not long ago, Alibaba Group Chairman Joe Tsai revealed some exciting news in an interview. He said that although Alibaba had gone through a period of stress, now with a restructuring and new management in place, they are confident that they will become China's top e-commerce company.
In an exclusive interview with CNBC, Tsai reiterated the importance of Alibaba's e-commerce and cloud business. He pointed out that despite the increasingly fierce competition, Alibaba e-commerce has a huge user base, including 33 million 88VIP members. He emphasized the importance of consumer experience, and believes that it is important to increase the frequency of purchases and orders.
Regarding the fate of Alibaba Cloud and other businesses, Tsai Chongxin also explained. He said that in the current market environment, Alibaba Cloud will not be spun off for the time being, but will focus on exploring the synergies brought by cloud energy to the core business. In addition, he also mentioned Cainiao's listing plan, saying that he would wait for a better time.
When talking about the possibility of Alibaba's entry into the U.S. market, Tsai Chongxin said that Made in China has obvious advantages in terms of quality and quality, so they will closely observe the market and consider the next move. He also highlighted examples of Alibaba's success in other markets, such as the global performance of e-commerce platforms such as AliExpress and Trendyol.
In addition, Tsai also mentioned Alibaba's investment in artificial intelligence technology, and pointed out that e-commerce is one of the richest AI application scenarios. He believes that through the application of AI and algorithms, the needs of users can be better met and the user experience can be improved.
Finally, Tsai Chongxin emphasized the confidence signal conveyed by the founders' increase in their holdings**. This, he believes, demonstrates confidence in the company and instills new confidence in employees. He said a strong management team is essential to the company's growth.
In summary, although Alibaba is facing fierce competition and market pressure, they have shown determination and confidence to return to the top through restructuring and the appointment of new management, as well as focusing on and investing in their core business. As China's economy continues to deepen its digitalization process, Alibaba will continue to face huge development opportunities in the future. We look forward to Ali being able to create more brilliance in this era full of challenges and opportunities.
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