Jack Ma Urges Alibaba to Embrace Competition, Highlights Growth Opportunities

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Alibaba Group Holding (NYSE:BABA) co-founder Jack Ma urged the company to believe in market forces, citing competition as a potent growth driver.“Many of Alibaba’s business face challenges and the possibility of being surpassed, but that’s to be expected as no single company can stay at the top forever in any industry,” the Wall Street Journal cites Ma’s internal memo.

Ma’s assurances came after reports indicated Alibaba Group had bagged a clean chit from the Chinese regulators after three long years that had ...

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Author / Journalist: Anusuya Lahiri

Category: Technology

Markets: United StatesChina

Topics: APIE Stock Battles Emerging Markets Tech Benzinga PDD Media News BZ Data Project Briefs BABA Top Stories JHEM

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-11 @ 12:59:28 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 300 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22460112

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