(Hong Kong News) U.S. media reported that when the founder of Alibaba Group, Ma Yun, when overseas, promoted Alibaba's spin -off plan.
The Wall Street Journal quoted people familiar with the matter on March 31 that Jack Ma spent many calls with the Ali executives including Zhang Yong, chairman and CEO of the board of directors including Alibaba Group in recent months to urge them to split the company.Ma Yun said that this will make Alibaba more flexible and competitive in the Chinese market.
People familiar with the matter said that although Ma Yun no longer served as the chairman of Alibaba's board of directors in 2019, it still has influence on the company and actively participate in the company's strategic decision -making.In the process of deciding for spin -off, Jack Ma played a key role, and many high -level employees still respected and willing to follow Ma Yun.
People familiar with the matter also said that after the Twenty of the Communist Party of China, the CCP officials began to persuade Ma Yun to return to China.
The Hong Kong media Nanhua Morning Post, a subsidiary of Alibaba, published a report on Monday (March 27), confirming that Ma Yun had returned to China for a few days.One day after the news was exposed, Alibaba announced that it would be split into six independent entities. Each one will have its own CEO and the board of directors, and can seek listing on its own.
After Jack Ma publicly bombarded China's banks and regulatory agencies at the Shanghai Bund forum in 2020, the Ant Group's listing plan was suspended.Since then, Ma Yun has become low -key and travels abroad for a long time.
