Alibaba CEO Responded To A Sharp Fall In Share Prices: Not The First Or Last Time.
Although the global stock market suffered "black Monday" and technology stocks became the hardest hit area, Wall Street remained optimistic about Alibaba. In yesterday's interview with CNBC, Robert Peck, managing director of sun trust investment bank, pointed out: "like Alibaba, it has strong fundamentals, strong revenue growth, continuous improvement of profits, strong cash flow, healthy balance sheets, and potential catalyst for development. Technology enterprise It will stand out after the crash. "
Attached is Zhang Yong's open letter to his staff.
You alibabs:
Over the past few years, global stock markets have been ups and downs. Alibaba Share prices were also 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 of Alibaba 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 turn your eyes from the stock market to your customers. Bear in mind the principle of customer first, and remember that customers are our parents. We can only help our customers better, serve our customers, and create new products for them. value Only by giving back our trust and support from customers and society can we create value for our shareholders and ourselves.
4. we have hundreds of billions of yuan in cash reserves, strong cash flow and large-scale profitability. 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, insistence is very lonely, and insisting on it must go through all kinds 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 share price, be calm and calm, keep your feet on the ground and move on.
Xiaoyao Zi (Zhang Yong)
Alibaba group CEO
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