Jack Ma Cheers Alibaba’s Tough Overhaul Plan in Latest Missive

00:00

00:00/00:00

Listen to this article 1x

Alibaba is trying to revitalize its sprawling empire that spans e-commerce and cloud services by integrating its separate parts while shedding marginal assets to focus on core businesses. Photo: Bloomberg

(Bloomberg) — Jack Ma took to an internal Alibaba forum to voice his support for a company undergoing a turbulent restructuring, emerging from seclusion for the second time in months to try and shore up sagging morale at the Chinese e-commerce pioneer he co-created.

The billionaire, who has retreated from the public spotlight in recent years, penned a lengthy memo in which he blessed efforts by new leaders Joseph Tsai and Eddie Wu to revive a stalled company. He said Alibaba Group Holding Ltd. is now on the right track and urged staff to stay the course.