A few days later, Lao Ma, who was far away in Hangzhou, fell into deep thought as he looked at a game trading platform reported by Sun Yutong, one of his Eighteen Arhats.
In the past two years, Alibaba has established offices in countries around the world, recruited various MBA executives, and promoted global trade.
Most of the investment money was spent, but the profit model was unclear. The Internet bubble hit, and Ma's original ambitious plan to list Alibaba at the end of this year was completely shelved.
Layoffs, downsizing, and increasing revenue and reducing expenditure have become topics that Jack Ma often talks about. At this time, most of the people laid off were senior executives, which is a drop in the bucket compared to Alibaba's current army of 25,000 social talents.
Alibaba is currently in a critical period of transformation. It was at this time that he saw Taoyoubao and was inspired.
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