Letter From Alibaba CEO Zhang Yong To Employees

This is not the first time, nor will it be the last stock crash, but the value of Alibaba is reflected in the pursuit of ideals and the value of customer creation, and will not change with the change of stock prices.

Alibaba has strong business and strong reserves, and is rapidly advancing its layout.

We have confidence in our team, partners and China's economy.

Full text of employee letter:

You alibabs:

Over the past few years, global stock markets have been ups and downs, and Alibaba's share price has also been affected.

I would like to share with you my views on this incident:

1, this is not the first global stock market crash; of course, it will not be the last time.

2.

The value is reflected in our pursuit of ideals and the value created for our customers. This value will not change with the change of stock prices.

3, please take your eyes from

Back to customers.

Bear in mind the principle of customer first, and remember that customers are our parents.

Only by helping our customers, serving our customers and creating new value for them can we repay the trust and support from customers and the society, so that we can create value for our shareholders and ourselves.

4, we have hundreds of billions of yuan in cash reserves, strong cash flow and large-scale.

Our layout of the future is orderly and rapidly advancing.

We have confidence in China's economy, and we have confidence in our team and partners.

5, sometimes insist is very lonely, and insist on, we must go through a variety of ups and down.

Alibaba is not fighting only once, but 102 years of war.

6, do not hide your eyes for the clouds.

7, forget the stock price, calm down, keep your feet on the ground and move on.

Xiaoyao Zi

Alibaba group CEO

August 25, 2015

Faced with the sharp fluctuations in the global capital market, Alibaba group CEO Zhang Yong today issued a letter to employees, and urged all Alibaba employees to turn their eyes from the stock market back to their customers. The down-to-earth service helps customers, creates value for customers, and then creates cost for shareholders and themselves.