According to domestic media reports, on the afternoon of April 10, Zhang Yong, chairman of the board of directors of Alibaba group, issued an internal letter,
Zhang Yong said that in the past 21 years, Ali, an organization, has always reflected on and changed itself in the face of setbacks and challenges. It is because of this ability of self-healing and evolution that we can survive and develop in the rapidly changing market.
Today, we are faced with unprecedented challenges and changes, new things and innovation opportunities. We all believe in the future, adjust ourselves and start again hand in hand. Return to the original intention, always be a customer first, and create long-term value for the society.
On April 10, 2021, the General Administration of market supervision made a decision on administrative punishment in accordance with the law, ordering Alibaba group to stop its illegal acts and imposing a fine of RMB 18.228 billion, totaling 4% of its sales in China in 2019, of RMB 455.712 billion.
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