After Jack: Alibaba searches for new growth in the post-Ma era

Gareth Jones

May 22, 2019

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Gareth Jones

china

A long FT read on the relationship between the Chinese government and Jack Ma / Alibaba - “When a foreign leader came to China and the first person he wanted to meet was Jack Ma rather than President Xi , you knew the company was going to be in trouble,”.

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It is indeed a sprawling enterprise. Chinese people can shop at Alibaba’s ecommerce platform, apply for a loan from its financial unit, pay for goods with Alibaba’s e-wallet, and get their purchases delivered through Alibaba’s logistics network. When they are tired of their stuff, they can sell it on Alibaba’s second-hand goods platform. It runs a brick-and-mortar supermarket called Freshippo and operates a food-delivery app. Some of the movies on its streaming site — including this year’s Best Picture Oscar-winning Green Book — are produced by Alibaba Pictures. And all of these services are powered by AliCloud.

https://www.ft.com/content/e6b53d7a-777b-11e9-be7d-6d846537acab