As soon as he woke up, Ma Yun returned to the public eye. It has been reported that Jack Ma and Tsai Chongxin are both significantly increasing their holdings of Alibaba stocks, of which Tsai Chongxin's family fund has increased its holdings of Alibaba shares by $150 million. After receiving this good news, Ali's stock price rose by 5% after the market opened.
After Ali repurchased the Hong Kong listing in 2021, the market value approached the 6 trillion mark at the highest. But surprisingly, Ali's market value plummeted all the way, and the latest market value is only 1.45 trillion, which has evaporated a full 4 trillion.
At the end of last year, Ali was surpassed by Pinduoduo. In the face of the falling stock price, Ma Yun also made a lot of adjustments, he removed his handpicked successor Daniel Zhang, let his old partner Tsai Chongxin return to the company, take over as chairman, and vigorously promoted Wu Yongming, a technical faction.
In 2019, on the 20th anniversary of Alibaba's establishment, Ma Yun and Tsai Chongxin left the company at the same time, and then Ma Yun lived a life of idle clouds and wild cranes, and has been traveling around the world.
Before Jack Ma's retirement, Alibaba was a dominant player in the e-commerce field, and the entire business model looked impeccable. At that time, Ali occupied more than 50% of the e-commerce market, with an annual profit of more than 100 billion, and also controlled a series of companies such as Youku, UC, AutoNavi Map, and Ele.me.
These companies continue to inject traffic into Tmall and Taobao, allowing them to monetize their ads. In the entire Chinese Internet market, only Tencent has the ability to wrestle with Alibaba.
So Ma Yun was relieved to retire, but he didn't expect that the world had changed so much in the past 4 years, and the first sudden epidemic in 2019 disrupted the global economy.
The second is the sudden outbreak of a geopolitical crisis. The third is the further decline in Sino-US relations. China's economy has also reached a crossroads, with reforms in areas such as real estate.
In the retail field, the popularity of live broadcast and short video has also successfully stolen most of the traffic of traditional e-commerce. Ali is no longer as stable as Mount Tai. Young people are starting to grab power. Huang Zheng and Zhang Yiming began to attack in a big way, not only in China, but even frantically attacking the international market.
Huang Zheng developed a strategy seven or eight years ago, to be more aggressive in the international market, and after success, he turned to the Chinese market. Now Pinduoduo is doing the same, and their overseas version has entered dozens of countries, gaining 100 million users in the first year of its launch in the United States.
Huang Zheng is not burning money to grab the market, Pinduoduo is really profitable, last year's profit exceeded 30 billion, and this year is expected to reach 50 billion.
Ali is not as good as Pinduoduo and Douyin in terms of internationalization, and it is facing huge pressure in China. That's why the stock price has been falling. In the past few months, foreign media reported that Ma Yun would reduce his holdings and cash out 6 billion, which once triggered a flash crash of Ali's stock price. Subsequently, the Ali Foundation also had to come forward to refute the rumors, this is just a shareholding reduction plan, and there is no actual reduction.
Today, Alibaba's share price has long fallen below the opening price of 2014. After nine years of hard work, Ali returned overnight to the pre-liberation period. This time, Jack Ma increased his holdings of stocks as a signal.
On the one hand, he is conveying confidence in the market and making the market more confident in Alibaba. After Tsai Chongxin returned to Alibaba, Alibaba's performance has begun to recover. At the same time, they have begun to be bold in innovation. Ali broke Ma Yun's statement that he did not do logistics in the past and launched the self-operated express delivery of the rookie network.
In addition, from the perspective of the overall environment, Ma Yun may also have sent a signal that the market has reached the bottom this time. In the past two years, both A-shares and Hong Kong stocks have been declining. Even many people think that the bottom has not been seen. Ma Yun's move this time may be to send a bottom signal.
In 2024, China's economy will slowly come out of the trough, which is also the trend of the times. The economy will slowly improve, and the capital market will also move. The most important thing these days is faith. The reason why residents are saving more and more money is because they have no confidence in the future, and everyone is afraid to spend money.
The most important message conveyed by Jack Ma and Tsai Chongxin is confidence.