Published: December 13th, 2023,
Last updated: May 28th, 2025

Jack Ma has long relinquished control of Alibaba’s day-to-day business. Recently, however, the billionaire and founder of the Chinese online giant spoke out. Ma wrote an article on Alibaba’s intranet about the success of its young competitor Pinduoduo. The reason was the exorbitant growth shown by the company, founded in 2015.