Ma Yun: Ali never layouts for visible opportunities, only investing in the future.

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 Ma Yun: Ali never layouts for visible opportunities, only investing in the future.


In October 31st, the Alibaba 2018 shareholders meeting will be held in Hongkong. Facing the external environment and challenges that shareholders are concerned about, Ma Yun said, Alibaba has never laid out for visible opportunities and will always invest only for the future. It is precisely because of this, the current temporary waves and setbacks, it is difficult to hurt us, because we believe that as long as the solution to the problem and innovation, as long as the creation of real value, there must be no lack of market, no lack of profit.

Past experiences tell us that there are huge opportunities behind these twists and turns, anxiety and friction, and the question is how to change yourself. Without historical challenges, what is the historical opportunity? Alibaba is a company that is good at managing adversity. Ma Yun wrote in his letter.

Ma Yun believes that todays Alibaba shoulders greater responsibilities than ever before, in todays economic situation, SMEs will face great challenges, and business is difficult to do when Alibaba fulfills its mission of let the world have no difficult business.

He judged that facing the future, new globalization and new manufacturing are two historic opportunities that Alibaba must seize for SMEs.

When talking about manufacturing, Ma Yun believes that the future of manufacturing is the perfect combination of manufacturing and service industries, is personalized, customized and data-based production, is the rebirth of the entire industry. It will be a common opportunity for Alibaba and the manufacturing industry to use technologies such as artificial intelligence, block chains and the Internet of Things to help the manufacturing sector change and help tens of millions of manufacturing enterprises meet future challenges.

The full text of the attached letter is:

Respected investors:

Thank you for your trust in Alibaba for four years.

This is the last time I wrote to you as chairman of the Alibaba board. But as Alibabas partner, shareholder and founder, Id be happy to discuss any issues with you at any time in the future.

At this moment, I am full of pride and gratification, for the evolution of the enterprise itself, the inheritance of corporate leadership and organizational culture has always been the biggest challenge for any enterprise. Alibaba has spent 19 years building a unique talent system, a cultural system, and values that make us who we are today, and a leadership team that belongs to tomorrow. Zhang Yongzheng is leading the young people of Alibaba to demonstrate their outstanding business talent and leadership, and the future of Alibaba will surely bring more surprises to the world.

As for me personally, I will devote more time to education, public welfare and environmental protection; I will not and will not allow myself to be free. But this time, I had enough time to pick out a few things that I was interested in, interesting and meaningful. Of course, I will always belong to Alibaba, and I am grateful to Alibaba, which I will accompany, support and applaud at every important moment in its future.

Alibaba will always be a business for 102 years, and we will not change the mission of letting the world have no hard business. For this reason, we will approach it step by step. In the next 20 years, we will serve 2 billion consumers around the world, help 10 million small and medium-sized enterprises make profits and create 100 million jobs. By the 20th anniversary of Alibabas founding in 2019, a $1 trillion GMV could be achieved, a figure set six years ago, and we are now close to that goal.

Recently, the global economy is experiencing difficulties, trade, consumption, stock markets, manufacturing all began to become uncertain, Sino-US trade frictions have further increased the market turmoil, Alibaba in 19 years, has experienced such a third global twists and turns, past experience tells us that these twists and turns, anxiety, friction. Hidden opportunities lie behind them. The problem is how to change themselves. Without historical challenges, what is the historical opportunity? Alibaba is a company that is good at managing adversity.

When business is hard to do, it is time for us to fulfill the mission of making it difficult for us to do business.

In todays industrial age, trade patterns and rules are facing enormous problems. This is precisely the opportunity for our globalization. Over the past three years, we have created a trading system that serves small and medium-sized enterprises and consumers around the world. We are making global purchases, global sales, global payments, global shipping, global games. Promote universal access to 4T (Trade, Tourism, Training, Technology) so that small and medium-sized enterprises, young people and women can participate in Global trade equally and conveniently. We are thrilled to use Alibabas technology, experience and resources to participate in the establishment and improvement of a new global GSP trading system in the future.

9 years ago, Alibaba was transformed into a technology company. Our overall layout and readiness for big data, cloud computing, artificial intelligence, and the Internet of Things lay the foundation for Chinas and the worlds manufacturing sector to change. We use technology to create tremendous value for manufacturing, retail, and financial industries. Over the past two years, this value has been demonstrated in the retail sector. In China, we have used technology to bring 200,000 retail stores online and offline, opening up new avenues for retailing.

Manufacturing industry is also changing. The future manufacturing industry is the perfect combination of manufacturing industry and service industry. It is individualized, customized and digital production. It is the rebirth of the whole industry. Alibaba is not going into manufacturing. It is empowering manufacturing. It is using artificial intelligence, block chains and the Internet of Things to help manufacturing change and help tens of millions of manufacturing enterprises to meet the challenges of the future. This is a common challenge and opportunity for us and the manufacturing industry.

Alibaba has built a rich and prosperous economic ecosystem over the past 19 years, we have nearly 30,000 scientific and technological engineers, we have strong operational and managerial talent, and we have an endless stream of innovative products and services every day. I think Alibaba is on an unprecedented path of development, and what we need is more determination. Believe in the future and believe in yourself. Thanks to the trust and support of shareholders, Alibaba has never laid out for visible opportunities and has always invested in the future. It is precisely because of this, the temporary ups and downs, it is difficult to hurt us, because we believe that as long as the solution to the problem and innovation, as long as the creation of real value, there must be no lack of market, no lack of profit. At this time next year, I will be a shareholder of Alibaba as well as you. Looking forward to that day, together with you, with expectations, curiosity and pride, and everyone together, insist on believing! Chairman of the Board of Directors of Ma Yun Alibaba Group 10.30.2018

Alibaba has built a rich and prosperous economic ecosystem over the past 19 years, we have nearly 30,000 scientific and technological engineers, we have strong operational and managerial talent, and we have an endless stream of innovative products and services every day. I think Alibaba is on an unprecedented path of development, and what we need is more determination. Believe in the future and believe in yourself.

Thanks to the trust and support of shareholders, Alibaba has never laid out for visible opportunities and has always invested in the future. It is precisely because of this, the temporary ups and downs, it is difficult to hurt us, because we believe that as long as the solution to the problem and innovation, as long as the creation of real value, there must be no lack of market, no lack of profit.

At this time next year, I will be a shareholder of Alibaba as well as you. Looking forward to that day, together with you, with expectations, curiosity and pride, and everyone together, insist on believing!

Jack Ma

Chairman of Alibaba group board

10.30.2018