Credit:Visual China

Replying to a staff post on Alibaba’s internal forumt, Ma called for change and correction and welcomed suggestions and advice from employees, especially innovative ideas. The post is about PDD’s market capitalization gap between Alibaba was narrowed to just US$8 billion as of Tuesday. According to a screenshot of the post which confirmed by Chinese news media outlets including The Paper, the creator said PDD’s closing gap of market value made a real shock and promoted him or her to write the post as a reminder and hope all the colleagues work together to regain traction. ”I believe All the Alibaba staff are witnessing and hearing, and I firmly believe Alibaba will change and make correction, ” Jack Ma commented on one of commentaries of the post that proposed streamlining the purchase and return.“Every great company is born in a winter. As the artificial intelligence (AI) era for e-commerce is right at its beginning, it is an opportunity for everyone as well as a challenge.”

While congratulating PDD for the rival’s successful decision, execution and efforts, Ma highlighted reform is a key for Alibaba’s comeback. The organization is respectable only if it can   adopt a reform to become a superpower in the future and get ready to implement it at whatever costs and sacrifice , Ma said. He also called for Alibaba to refocus on its mission and vision, namely, to make it easy doing business anywhere.

Ma’s reply came as PDD is on the brink of overtaking Alibaba in  market capitalization. The Nasdaq-listed shares of PDD settled 18% higher on Tuesday after China’s leading e-commerce platform posted much stronger-than-expected sales and earnings. The following day saw PDD market capitalization once topped Alibaba as shares climbed more than 4% before paring some of gains, and PDD market cap was surpassed by Alibaba. As of close on Wednesday, PDD stocks rose almost 2% and brought the market cap to US$188.3 billion, while Alibaba’s market cap dropped to US$189.92 billion as shares fell 2.7%.

 PDD posted revenue of RMB68.84 billion (US$9.43 billion) in the quarter ended September 30, exceeding by about 25% more than the average analysts’ estimate. The sales surged 94% from a year earlier, accelerating from the previous quarter’s 66% year-over-year (YoY) increase, and refreshed the record set in the second quarter, increasing around 32% sequentially.bottom line also beat the Wall Street expectation. Non-GAAP net income jumped 37% YoY to RMB17.027 billion in the third quarter, versus the expected RMB12.974 billion. Non-GAAP diluted earnings per American depositary share (ADS) that quarter rose nearly 35% YoY to RMB11.61, compared with projection of RMB8.81.

Financial results indicated PDD, the operator of Chinese discount shopping site Pinduoduo and its overseas sister Temu, is a big winner when consumers became more sensitive to price change amid uncertainty of economic recovery in China. PDD sales growth outrun major domestic rivals in the September quarter. JD.com’s net revenue increased 1.7% YoY, slowing down from the second quarter with a 7.6% YoY increase. Alibaba’s total revenue recorded a 9% YoY increase, and sales of its two online marketplaces--Taobao and Tmall Group gained 4% YoY.

本文內(nèi)容來源:鈦媒體英文站

本文系作者 Li_Dan 授權(quán)鈦媒體發(fā)表,并經(jīng)鈦媒體編輯,轉(zhuǎn)載請注明出處、作者和本文鏈接。
本內(nèi)容來源于鈦媒體鈦度號,文章內(nèi)容僅供參考、交流、學習,不構(gòu)成投資建議。
想和千萬鈦媒體用戶分享你的新奇觀點和發(fā)現(xiàn),點擊這里投稿 。創(chuàng)業(yè)或融資尋求報道,點擊這里。

敬原創(chuàng),有鈦度,得贊賞

贊賞支持
發(fā)表評論
0 / 300

根據(jù)《網(wǎng)絡安全法》實名制要求,請綁定手機號后發(fā)表評論

登錄后輸入評論內(nèi)容

快報

更多

14:30

3月31日全國農(nóng)產(chǎn)品批發(fā)市場豬肉平均價格為15.31元/公斤,比昨天下降1.0%

14:25

工信部:前2個月我國集成電路設計收入636億元,同比增長15.7%

14:23

工信部:前2個月我國軟件業(yè)務收入21534億元,同比增長11.7%

14:17

聯(lián)合利華與味可美就食品業(yè)務進行深入談判,最早于今日達成協(xié)議

14:16

南向資金凈買入額達50億港元

14:02

英國第四季度GDP年率終值為1%

13:58

吉利旗下沃飛長空增資至3.6億

13:55

瑞銀:預計到年底金價將逐漸回落,未來幾年將走低

13:54

光纖概念震蕩回升,特發(fā)信息漲停

13:51

高盛:參考1990年石油危機,美聯(lián)儲終將降息

13:50

創(chuàng)新藥概念午后再度活躍,海創(chuàng)藥業(yè)漲超11%

13:50

支付寶發(fā)布國內(nèi)首個“支付集成Skill”

13:46

騰訊WorkBuddy小程序上線,支持"云端+本機"雙模式運行

13:39

寧波商業(yè)航天產(chǎn)業(yè)基地項目將于4月開啟招標,預計總投資額86.6億

13:39

滬深京三市成交額超1.5萬億元,較上日此時放量62億元

13:29

瑞銀:中國市場調(diào)整或已過度,優(yōu)質(zhì)AI股票迎來布局窗口

13:24

北京消費品以舊換新政策持續(xù)落地,帶動銷售額約50億元

13:23

全國新能源汽車動力電池溯源信息平臺正式啟動

13:22

深圳:規(guī)模建設先進級智能工廠

13:20

摩托車概念異動,宏昌科技走出20cm2連板

掃描下載App