Alibaba Group CEO urged employees to work without being distracted by the fall in company stocks
Against the background of falling stock quotes of Alibaba, its management turned to 35 thousand employees with a message. It said the need to maintain calm and working attitude, no matter what, writes Bloomberg.
“The global securities market is falling not for the first time. And not at the last. I hope everyone will be able to shift their attention from the stock price to customers, ”said Ali Zhaba, CEO of Alibaba Group.
Zhang also recalled the words of the founder of the company, Jack Ma, about the "102-year plan." Ma believes that Alibaba Group will be able to hold the leading position for at least a century if it focuses on long-term planning.
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August 24, Monday, Alibaba shares fell below the IPO level. The price fell to a level of $ 65.80 per share, which is almost $ 2.20 less than during the initial placement. On the same day, Facebook’s share price on American marketplaces fell by 12%, Apple - by 10%, Amazon - by 6.4%, Microsoft - by 5.8%, PayPal - by 9%, and Twitter - by 8, 9%.
“Megamind” wrote that the reasons for the fall were the expectation of worse macroeconomic indicators from China, the decline in commodity markets (in particular, the WTI and Brent oil brands on the news about the “overstocking” of the US market) and the decline in the growth of technology companies in the Chinese market (microelectronics and components, Firstly).
“The global securities market is falling not for the first time. And not at the last. I hope everyone will be able to shift their attention from the stock price to customers, ”said Ali Zhaba, CEO of Alibaba Group.
Zhang also recalled the words of the founder of the company, Jack Ma, about the "102-year plan." Ma believes that Alibaba Group will be able to hold the leading position for at least a century if it focuses on long-term planning.
')
August 24, Monday, Alibaba shares fell below the IPO level. The price fell to a level of $ 65.80 per share, which is almost $ 2.20 less than during the initial placement. On the same day, Facebook’s share price on American marketplaces fell by 12%, Apple - by 10%, Amazon - by 6.4%, Microsoft - by 5.8%, PayPal - by 9%, and Twitter - by 8, 9%.
“Megamind” wrote that the reasons for the fall were the expectation of worse macroeconomic indicators from China, the decline in commodity markets (in particular, the WTI and Brent oil brands on the news about the “overstocking” of the US market) and the decline in the growth of technology companies in the Chinese market (microelectronics and components, Firstly).
Source: https://habr.com/ru/post/293942/
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