When Pinduoduo successfully topped the U.S. stock market and surpassed the old giants, the whole situation began to gradually get out of control. This means that a profound reshuffle is emerging, and former giants, such as Alibaba and JD.com, are struggling to maintain their former glory in the midst of the storm. In the past few days, Ma Yun and Liu Qiangdong have spoken out one after another.
The great changes in e-commerce
Pinduoduo's success in topping the U.S. stock market is not only a victory for one company, but also a great change for the entire e-commerce industry. Traditional giants, such as Alibaba and JD.com, are starting to feel the pressure from new forces. The contrast in market capitalization is impressive, with JD.com's $43.5 billion versus Pinduoduo's $192.4 billion, forming a stark contrast. This disruption makes people realize that the e-commerce market is once again standing on the eve of profound change.
Liu Qiangdong's voice
Liu Qiangdong, the founder and leader of JD.com, is full of worries about the company's future. Recently, he made a rare speech on JD.com's intranet, responding to a long internal article within the company that JD.com was problematic. This long article pointed out the problems of JD.com's inefficient operation, bloated and disorderly, and poor coordination of various departments, which deeply touched Liu Qiangdong. In his response, he admitted JD.com's problems, especially the lack of determination in market competition, and has been taking the road of success. Liu Qiangdong's statement revealed his concern about the future of JD.com, and also expressed his determination to revitalize the company.
Jack Ma's warning
After Alibaba was overtaken by Pinduoduo in terms of market capitalization, Jack Ma also made remarks about the company's current situation on the company's intranet. Jack Ma made it clear that he believes that Ali will change, and that all great companies are born in winter. These words reveal that Ali is in the midst of a cold winter and must make innovative changes to solve the problem.
The helplessness of the bigwigs
Ma Yun and Liu Qiangdong spoke out one after another, which is undoubtedly a response to the gradual loss of control of the situation in the e-commerce industry. In the eyes of the former giants, the market competition is becoming more and more fierce, and the rise of new forces has forced established companies to re-examine their own problems. This also made the bigwigs realize that they can no longer sit still, but must actively deal with changes.
The reshuffle of e-commerce has begun, and the situation is gradually getting out of control. Ma Yun and Liu Qiangdong's statements are undoubtedly a face to the current predicament, and they are also a positive response to changes. At this moment, only by keeping up with the pulse of the market and carrying out profound changes and innovations can we survive and rise in the fierce competition. In the future, the pattern of e-commerce will undergo a profound change, and the determination of the bigwigs will become the key driving force in this change.