Source: Securities Times.
Author: Chen Yukang

In the photos posted by netizens, Jack Ma is dressed casually, wearing a white hat, a gray-white sweater, black sports shoes, looking energetic. He smiles, happily taking a group photo with a bunch of young people.

When Jack Ma was buying coffee in the park area, he was recognized by Alibaba's employees and surrounded, then happily took a group photo with everyone.

This is Jack Ma's first appearance in the new park area. On May 20th this year, the 20th 'Alibaba Day,' Alibaba's Hangzhou global headquarters new park area (West Xi Park C area) was officially opened. It is understood that Alibaba's West Xi Park C area is Alibaba's largest self-owned park area at present, with an 8-story high visitor center, over 200 meeting rooms of different capacities, communication corners, and 'phone booths.' All buildings are interconnected in a ring shape to form a communication and touring loop, known as the 'Alibaba Ring.'

On September 10th this year marked Alibaba's 25th anniversary. On that day, Jack Ma posted on Alibaba's internal forum, stating that Alibaba believes in the power of the market and the value of innovation. In this internal post, Jack Ma mentioned the word 'proud' 11 times.

"Today, seeing the resurgence of internet AI technology, fierce competition in various industry sectors, many of Alibaba's businesses facing challenges, facing being surpassed... This is expected because no company can remain first in any field forever. Moreover, only through competition can one become stronger and make the industry healthier. Besides, Alibaba has never been a company protected by others, Alibaba believes in the power of the market and the value of innovation."

In an internal letter, Jack Ma mentioned that he aspired to establish a company that can survive for 102 years, especially aiming to create a company with ideals and accomplishments, not just one that can make money to survive.

Jack Ma stated, "In the past 25 years, what I am most proud of is not how many companies we have founded, but how much change and value these companies have brought to society. I am proud not of how much money we have earned, or how high our market value is, but that the Alibaba team, after making money, still has ideals, love, and obligations."

"What I am proud of is, when there was no payment solution, we created Alipay; when there was no logistics, we participated in logistics; when there was no internet supporting technology, we invested in the cloud; when credit was not valued, we made credit invaluable... We believe that technology can and must help every ordinary person, allowing each ordinary person to gain dignity through technology..." Jack Ma said.

On November 15, Alibaba Group released its financial report for the second quarter of the 2025 fiscal year. The report shows that in this quarter, the group achieved revenue of 236.503 billion yuan, a 5% year-on-year increase, meeting market expectations; net income was 43.547 billion yuan, a 63% year-on-year growth; adjusted EBITA (a non-GAAP financial indicator) decreased by 5% year-on-year to 40.561 billion yuan. It is worth mentioning that from July to September, the order volume of Taotiandong grew by double digits year-on-year driving online GMV growth, while the 88VIP membership continued double-digit growth to 46 million people. During this year's singles' day sales period, Taotiandong GMV achieved strong growth, with the number of buyers reaching a historic high.

On November 21, Alibaba Group's CEO Wu Yongming sent an email to all employees, announcing the establishment of the Alibaba E-commerce Business Group, which will be led by Jiang Fan reporting to Wu Yongming. It is understood that the newly established Alibaba E-commerce Business Group will comprehensively integrate Taobao, Tmall Group, International Digital Business Group, as well as 1688, Xianyu, and other e-commerce businesses, forming a business cluster covering the entire industry chain domestically and internationally. In the email to all employees, Wu Yongming stated that the e-commerce landscape in China and globally is entering a new era, and the global supply chain capabilities, fulfillment capabilities, and consumer service capabilities will determine the future competitive landscape. The Alibaba E-commerce Business Group will leverage all e-commerce resources within the group, unleash years of accumulated capabilities, serve domestic and global consumers well, and help more small and medium-sized enterprises expand their domestic and overseas markets simultaneously.

Editor/Jeffy