"Jack Ma" reappears to support the restructuring of the company he founded.

Jack Ma, the co-founder of Alibaba, wrote a lengthy post expressing his support for the company's restructuring efforts.

This post comes one year after Alibaba announced its decision to divide into six units under pressure from the Chinese government.

Jack Ma had disappeared for an extended period after regularly appearing in the media, while his companies faced significant governmental pressure.

Jack Ma, the co-founder of Alibaba, broke his silence with a lengthy and rare post addressed to employees, expressing his support for the restructuring efforts of his company, known for its dominance in e-commerce. This internal post, which led to a 5% increase in Alibaba's shares listed in Hong Kong, before the stock returned to lower values than before.

Jack Ma also stated that he is ready to take on a more active role in the company, after spending the past few years away from the spotlight, as he disappeared from the media and the conferences he was widely known for.

Jack Ma's post comes in an internal forum of the company, one year after Alibaba announced its decision to divide into six units, marking the biggest change in its 25-year history. Since then, Alibaba has faced a turbulent period, appointing a new CEO and announcing lists of its cloud and logistics units before eventually divesting them.

Additionally, the company has lost its position in e-commerce to low-cost competitors such as PDD Holdings, which offers the Temu store, as well as Douyin, owned by ByteDance, which is the Chinese version of TikTok.

In the nearly one-page post, Ma praised the leadership of CEO Eddie Wu and Chairman Joe Tsai, noting that the division into six segments helped simplify the decision-making process, making Alibaba more agile and customer-focused. He also acknowledged that Alibaba had made numerous mistakes in the past and stressed the importance of recognizing these issues and correcting them while undertaking reforms for the future.

Previously, in a speech delivered in October 2020, Jack Ma, who was then the most prominent technology entrepreneur in China, criticized regulatory authorities in China. However, the criticism did not receive the reaction he had anticipated. Instead, Jack Ma quickly found himself in an unfavorable position, facing major challenges for his business empire.

This was followed by a massive IPO listing being halted by Ant Group, the fintech company he also founded. Subsequently, strict regulatory crackdowns on the Chinese technology sector ensued, including a $2.8 billion fine imposed on Alibaba. Meanwhile, Jack Ma disappeared from public life amid rumors of his death or arrest.

After his reappearance, Ma spent a significant amount of time abroad, especially in Japan, where he serves as a visiting professor at the University of Tokyo's Institute of Research. However, his recent internal post indicates that he may be ready to take on a more active role in Alibaba's future, providing support and guidance to the company as it navigates through its current challenges and continues its restructuring efforts.