Jack Ma warns of fierce competitions for Alibaba’s Taobao Tmall, calls for changes – report

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Alibaba Group held a communication meeting with senior management of Taobao Tmal Business Group in late May, during which Jack Ma called on the management to open their minds and make bold innovations amid fierce market competition, Chinese tech news outlet LatePost reported. 

Taobao Tmal business Group is currenting facing fierce competition and it takes as short of half a year to one year for an industry leader to die, for example Nokia and Kodak, and that could be even faster for an internet company, said Ma at the meeting. 

The successful paths in the past no longer works for Alibaba, they should be changed as soon as possible, and the group should focus on three directions – return to Taobao, return to users and return to internet, Ma said, adding that the structure of the business group should be further flattened.