Topline
Alibaba cofounder Jack Ma endorsed the Chinese giants sweeping restructuring efforts and praised company leadership in a memo to employees, according to news reports, prompting a surge in shares and marking a rare return to the spotlight for the billionaire after spending years lying low in the wake of a dramatic clash with Beijing.
Key Facts
Ma, in a roughly one-page memo posted on the companys internal forum, praised last years decision to overhaul the company and split Alibaba into six different business units.
We hacked away at the big-company disease, Ma wrote, according to the South China Morning Post, adding that the company has been transformed from a cumbersome organization into a simple and agile one that puts e…
Read the full article at: https://www.forbes.com/sites/roberthart/2024/04/10/alibaba-billionaire-jack-ma-returns-to-spotlight-praises-company-leaders-amid-massive-restructuring/