Alibaba Founder Jack Ma Returned to China

           On March 27，2023， Alibaba Founder Jack Ma returned to China and visited Yungu school in Hangzhou, the city where Alibaba is headquartered, to talk with teachers about how to provide education for children in the era of artificial intelligence. According to a WeChat post by the school, Jack Ma said that ChatGPT have brought challenges to education, but artificial intelligence can be used to solve problems. Ma, one of China’s best-known entrepreneurs, left mainland China in late 2021. He has been seen in photographs in Japan, Australia and Thailand in the months since Jack Ma retreated from the public limelight in late 2020. 

On March 28, 2023, Dianel Zhang, Current Chairman and CEO of Alibaba announced that China's biggest technology conglomerate Alibaba was going to overhaul its US$220 billion business. It plans to split its empire into six main units encompassing cloud intelligence group, e-commerce under taobao-tamll, cainiao’s smart logistic operations, local services group, global digital business group and digital media and entertainment group. Each unit is gonna have their own CEO ，their own board of directors and their own executives and Alibaba stock is already up 9% in New York in Pre-market trading.

According to Brand Value (China) Network, this is the biggest restructuring of Alibaba in its 24 years history. Right after this, Alibaba shares shot up not only in the United States but also in Hongkong. However, these gains are not meaningful because Alibaba shares have fallen almost 70% since the year of 2020. Some experts have even called Alibaba the Godfather of China’s tech industry because as of 2021, Alibaba had more than 800 million users in China.

According to Brand Value (China) Network, Jack Ma Yun was born on September 10, 1964 in Zhejiang Province. In 1988, Jack Ma graduated with a Bachelor’s degree in English from Hangzhou Normal University. In March 1999, he left Beijing and returned to Hangzhou with his team to establish Alibaba, a Hangzhou-based business-to-business marketplace site in his apartment with a group of 18 friends with 500,000 Chinese yuan. In 2019, Jack Ma announced officially he would retire from Alibaba. As of January 2023, with a net worth of $34.1 billion, Ma is the fifth-wealthiest person in China as well as the 34th wealthiest person in the world.

On the ranking of “The 3rd Daguan·Keweiwei World Brand Value Top 900” released on March 18, 2023, Alibaba’s brand value was 769.255 billion RMB, ranking the 12nd.

www.bvrcn.com Brand Value Network

作者：杨瑞安