Zhang Yongs letter to investors: launching Hong Kong listing is Alibabas new starting point

category:Internet
 Zhang Yongs letter to investors: launching Hong Kong listing is Alibabas new starting point


At the same time, Zhang Yong said that when Alibaba first went public in 2014, he regretfully missed Hong Kong. Hong Kong is one of the most important financial centers in the world. In the past few years, Hong Kongs capital market has undergone many encouraging major reforms. At a time of great changes in Hong Kong society, we still believe in the bright future of Hong Kong. We hope to contribute our modest efforts and actively participate in the future construction of Hong Kong.

The following is the full text of a letter from Zhang Yong, chairman and CEO of Alibaba board of directors, to investors:

Dear investors

Thank you for your attention and support to Alibaba group. We launched the IPO in Hong Kong today, which is a new starting point for Alibaba, a 20-year-old.

Today, the world has entered the era of digital economy, which is a big era full of changes, challenges and opportunities. Under the background of this era, how can Alibaba stick to its original intention, face the future, create and innovate continuously, and create value for the society, customers, consumers and investors? I hope to share with you our thoughts, plans and actions.

To be a good company for 102 years

Alibaba is a company driven by mission, vision and values. Alibabas cultural origin comes from our belief in the beauty of people and society. In recent years, we have been thinking about what can be changed and what can not be changed in the era of digital economy. On the 20th anniversary of Alibaba on September 10, we announced Alibabas mission, vision and values for the future. Our initial mission of making the world have no hard business has not changed, but our vision of becoming a company that has lived for 102 years has been upgraded - we hope to become a good company that has lived for 102 years. Alibaba does not seek to become a big company or a strong company. We hope to become a good company that will bring positive energy to the society, take on more social responsibilities, serve small and medium-sized enterprises, be recognized by employees and satisfy shareholders.

At the same time, we have upgraded Alis values of six pulse sword. From six words to six Ali dialects, each of them is born from a historical story of Ali, which represents Alibabas distinctive cultural attitude and choice. They are:

Customer first, employee second, shareholder third;

Because of trust, so simple;

The only constant is change;

Todays best performance is tomorrows minimum;

At this moment, I am the only one;

Live and work hard.

Culture is Alibabas basic value orientation and the driving force that leads Alibaba from zero to today. No matter how the world changes, only by sticking to our original intention can we face the future and continue to move forward.

Opening new commercial civilization in the era of digital economy

The most significant sign of the era of digital economy is that the Internet is integrating with industry, agriculture, service industry, social public services and other aspects. This also gave birth to the development of new commercial civilization. In the era of digital economy, the essence of business civilization is based on openness, sharing, cooperation and win-win. It returns from the traditional zero sum business game to the customers concern and value creation. The opportunities brought by digital technology can be shared by the society more generally and promote the sustainable development of society better. Alibaba hopes to make its own contribution to the creation of new business civilization in the era of digital economy with its own exploration and practice.

After 20 years of development, Alibaba has developed from an e-commerce company at the beginning of its establishment into a business infrastructure that has begun to take shape in the era of digital economy spanning digital commerce, digital finance, intelligent logistics, cloud computing big data, etc., and thus formed a unique digital economy ecology. Together with the vast number of partners in the digital economy ecology, we are serving consumers and industries at the same time. We are not only creating and stimulating the rise of new consumption, but also committed to serving all walks of life to complete the digital transformation and upgrading of industries. We hope that we can not only help thousands of small and medium-sized enterprises grow, but also encourage and support the development of new unicorns and small giants. Under the big tree, not only can grass grow, but also can make more grass grow into big trees.

General goal and general strategy for the future

On the 20th anniversary of Alibaba in September this year, we have announced our overall strategic goal for the next five years: to serve global consumers, including more than 1 billion Chinese consumers, and create a consumption scale of more than 10 trillion yuan. This is our long-term strategic goal: by 2036, we will serve 2 billion consumers around the world, create 100 million jobs and help 10 million small and medium-sized enterprises to make profits.

In order to achieve the strategic objectives, we will continue to firmly implement three major strategies: globalization, domestic demand, big data and cloud computing.

Globalization is Alis future. We firmly believe that the combination of digital technology and business brings about chemical reactions, which has no national boundaries. The wide application of digital technology in business, finance, logistics and other fields will greatly improve the trade efficiency between different countries and markets, so that the whole world has no hard business. We will continue to promote the development and prosperity of the global digital economy ecology from the aspects of global purchase, global sale, global payment, global transportation and global play.

Domestic demand is the future of Chinas economy. Chinas economy is transforming from an investment and export-oriented economy to a consumption driven economy. Today, on Alibabas China retail platform, mobiles monthly active users reach 785 million. They are the most active, youngest and future consumer power in China. Chinas ongoing urbanization in rural areas, the emergence of hundreds of millions of middle-class families, and the emergence of all consumers as Internet users have brought huge potential for consumption growth, and also provided a new possibility for the use of digital technology to create consumption growth. We hope to meet the different levels of consumer demand through the supply of diversified goods and services. Not only that, we also hope to drive supply side reform through big data, connect the market directly through innovative supply, and create new consumer demand.

Big data and cloud computing are the oil and engine in the era of digital economy. Alibabas digital economic infrastructure not only generates data continuously, but also keeps the ecology prosperous and developing because of the wide application of data. We believe that in the era of digital economy, computing power is becoming a new generation of productivity. In the future, all enterprises will become Internet enterprises in a new sense, and will become big data driven companies. The vast opportunities Alibaba faces are not the upgrading of one industry, but the upgrading of all industries. Therefore, we are trying our best to promote the construction of Alibabas business operation system: we will open Alibabas business, finance, logistics, cloud computing and other infrastructure for the digital economy to all customers and partners, and help them to fully complete the digitalization and move towards intellectualization.

Cultural persistence and future creation

Culture is the cornerstone of Alibaba, and innovation is Alibabas gene. After ten years of exploration, Alibaba has created and developed a unique partner system. We will adhere to the partner governance mechanism to ensure the inheritance of our culture and the adherence to our mission, vision and values. On September 10 this year, we completed the comprehensive upgrade of the management team, which is an important step for our future development. We firmly believe in continuous innovation, self challenge and even self subversion in this rapidly changing world. Talents are Alibabas most precious wealth. We need to constantly emerge wind makers facing the future. We will let more young people to create and try, let more women take important positions, and cultivate more global talents. We create the soil, let our employees have love for the society, curiosity for the future, let the world because of our creation more warm and bright. When Alibaba went public for the first time in 2014, it missed Hong Kong. Hong Kong is one of the most important financial centers in the world. Over the past few years, Hong Kongs capital market has undergone many encouraging major reforms. At a time of great changes in Hong Kong society, we still believe in the bright future of Hong Kong. We hope to contribute our modest efforts and actively participate in the future construction of Hong Kong. Thank you again for your attention and participation in Alibabas development. Because believe, so see, the future belongs to believe believe, alibaba will continue to work hard! Zhang Yong chairman and CEO of Alibaba group source: Netease technology report editor in charge: Wang Fengzhi ufe63 nt2541

Culture is the cornerstone of Alibaba, and innovation is Alibabas gene. After ten years of exploration, Alibaba has created and developed a unique partner system. We will adhere to the partner governance mechanism to ensure the inheritance of our culture and the adherence to our mission, vision and values. On September 10 this year, we completed the comprehensive upgrade of the management team, which is an important step for our future development. We firmly believe in continuous innovation, self challenge and even self subversion in this rapidly changing world. Talents are Alibabas most precious wealth. We need to constantly emerge wind makers facing the future. We will let more young people to create and try, let more women take important positions, and cultivate more global talents. We create the soil, let our employees have love for the society, curiosity for the future, let the world because of our creation more warm and bright.

Back to Hongkong

When Alibaba first went public in 2014, it regretfully missed Hong Kong. Hong Kong is one of the most important financial centers in the world. Over the past few years, Hong Kongs capital market has undergone many encouraging major reforms. At a time of great changes in Hong Kong society, we still believe in the bright future of Hong Kong. We hope to contribute our modest efforts and actively participate in the future construction of Hong Kong.

Thank you again for your attention and participation in Alibabas development. Because believe, so see, the future belongs to believe believe, alibaba will continue to work hard!

Zhang Yong

Chairman and CEO of Alibaba Group