Alibaba's "Going Out": Jack Ma Appears in Pakistan

Tech 2023-07-05 12:20:40 Source: Network

After Ma Yun dealt with Alibaba's stubborn illness like a three board axe, he embarked on a new journey in a hurry, but his destination this time was unexpected.On July 4th, Azfar Ahsan, former Minister of State and Chairman of the Investment Committee of Pakistan and founder of NutShell Group, recently posted a photo on Twitter with Alibaba Group founder Jack Ma

After Ma Yun dealt with Alibaba's stubborn illness like a three board axe, he embarked on a new journey in a hurry, but his destination this time was unexpected.

On July 4th, Azfar Ahsan, former Minister of State and Chairman of the Investment Committee of Pakistan and founder of NutShell Group, recently posted a photo on Twitter with Alibaba Group founder Jack Ma. According to Ahsan, Ma Yun will stay in Lahore, Pakistan for more than 20 hours.

Prior to this, Jack Ma conducted research visits to Bangladesh and Nepal.

On the afternoon of June 27th, Jack Ma arrived in Kathmandu, Nepal. During his stay in Nepal, Jack Ma not only visited famous tourist destinations such as Badgangduba Square, Swayanbu (commonly known as the Monkey Temple), Manwish Buddha Pagoda, and Tamil Street, but also specifically visited the Kalimati vegetable market for inspection.

This market is a fresh agricultural product center in Kathmandu and even throughout Nepal, and is also an important component of the local economy. He stayed at the market for about 10 minutes.

Then he left Nepal by plane on June 29 and left for Lahore, Pakistan.

It is understood that after his private visit to Pakistan, Jack Ma will also visit Uzbekistan. According to reports, Jack Ma's itinerary was very low-key, accompanied by 5 Chinese and 2 foreigners.

Throughout Jack Ma's trip, the three countries of Bangladesh, Nepal, and Pakistan in South Asia, as well as Uzbekistan in Central Asia, have a very low sense of presence in Jack Ma's previous trips and Alibaba's business map. As for the purpose of Jack Ma's trip, the outside world is also unknown.

Former Chairman of the Investment Committee (BOI), Mohammad Azfar Ahsan, stated that Jack Ma's visit is confidential and hopes it will soon bring positive results to Pakistan. "He added that the delegation accompanying Jack Ma was composed of seven businessmen, including five Chinese citizens, one Danish citizen, and one American citizen. Ma Yun's secret visit to Lahore has triggered speculation about his business interests in Pakistan, which is short of funds. However, no such commercial transactions have been officially confirmed.

Before Jack Ma quietly appeared in South Asia, the Alibaba family had just undergone an unprecedented baptism.

Over the past year, Alibaba has made several personnel adjustments. Firstly, Jack Ma returned home with a low profile, and in March, he launched a 1+6+N transformation through "architecture slimming". At the internal meeting on Taobao, he clearly stated that "Taobao is more important than Tmall". This year, Alibaba's "transformation" is almost unprecedented in Jack Ma's 24 year history of founding Alibaba.

On March 28, Zhang Yong issued a full letter entitled "Only self transformation can create the future", in which he announced the new governance plan of "1+6+N" of Alibaba Cloud. "1" refers to an Alibaba Group, "6" refers to six business clusters such as Alibaba Cloud Intelligence, Taobao Tmall Commerce, and Dawen Entertainment, and "N" refers to a number of business companies, such as AliHealth, Hema, etc., as well as companies that Alibaba may establish or invest in in the future. Each business group and company implements a CEO responsibility system, responsible for their own profits and losses, while Alibaba Group fully implements holding company management.

In April, on the 20th anniversary of Taobao's establishment, Alibaba established Taotian Group. In May, Dai Shan, one of Ali's Eighteen Arhats, made her debut as the CEO of Taotian Group, which meant that Taobao Tmall was officially separated from Ali and operated independently.

After the official appearance of Taotian Group, in late May, Jack Ma convened various business leaders of Taotian Group and held a small-scale communication meeting. The CEO of Taotian Group, CFO, CEO of Cainiao Group, Industry Development Department, and Taobao live streaming leaders were all present.

Jack Ma stated at an internal meeting that the methodology that Alibaba relied on for success in the past may no longer be applicable and should be quickly changed. Jack Ma stated that the current competitive situation faced by Taotian Group is very severe. Taking Nokia and Kodak as examples, he believes that a company's transition from industry benchmark to death takes six months to a year, and this speed may be faster in the internet industry. He pointed out three directions for Taotian Group: returning to Taobao, returning to users, and returning to the internet.

Ma Yun rarely uttered the harsh phrase 'whoever has resistance, I will solve it'.

In addition, Jack Ma believes that Taotian should be further flattened in terms of organization. This means that Taotian Group will use greater efforts to support small and medium-sized businesses in the future, with traffic shifting back from being inclined towards Tmall to being inclined towards Taobao. This is the first time since Jack Ma returned to China that he has issued a "prescription" for the development of frontline business.

On June 20, Alibaba announced that Zhang Yong, Chairman and CEO of the Group's Board of Directors, was stepping down. Joseph Tsai will succeed Zhang Yong as Chairman of the Board of Directors of Alibaba Holding Group from September 10, and Wu Yongming as CEO of the Group.

Source: Financial industry

Disclaimer: The content of this article is sourced from the internet. The copyright of the text, images, and other materials belongs to the original author. The platform reprints the materials for the purpose of conveying more information. The content of the article is for reference and learning only, and should not be used for commercial purposes. If it infringes on your legitimate rights and interests, please contact us promptly and we will handle it as soon as possible! We respect copyright and are committed to protecting it. Thank you for sharing.(Email:[email protected])

Mobile advertising space rental

Tag: Alibaba Going Out Jack Ma Appears in Pakistan