Jack Ma Praises Alibaba's Leadership, Restructuring in Rare Memo

Alibaba co-founder Jack Ma praised the company’s top leadership and ongoing restructuring exercise in a memo to employees, a rare move for the billionaire who has recently stepped away from the spotlight. According to a copy of the internal letter seen by The Wall Street Journal, Ma emphasized the importance of admitting and correcting past mistakes while also reforming for the future. The company continues to move forward with these principles in mind.