Dear Alibaba employees:
I'm sure everyone has very complex feelings about the recent stock price trends of our B2B company. Today, I'd like to share with you my thoughts on the current situation and future prospects, which may be helpful for all of us.
Some of you may remember that during the employee meeting in February, I said: "Winter is coming, we need to prepare for it!" At that time, many people didn't take it seriously. In fact, when our stock was hyped up to nearly three times the issue price after the IPO, amid all the applause, the dark clouds and thunder behind were getting closer and closer. Because any sudden surge of passion and enthusiasm can retreat just as quickly! I don't want to see irrational thinking about the stock price among all of you. During the listing ceremony last year, I said that we would continue as usual and not change our sense of mission because of the listing. Facing the stock market in the future, I hope everyone forgets the fluctuations in the stock price and remembers that customers come first! Remember our long-term commitments to our customers, to society, to our colleagues, to our shareholders and families. When these commitments are fulfilled, the stock will naturally reflect the value created by your company.
Our basic judgment on the global economy is that there will be significant economic problems, and the economy may enter a very difficult period in the coming years. My view is that the overall economic situation is not optimistic, and the winter ahead will be longer, colder, and more complicated than everyone imagines! Let's prepare for winter!