Two years with no profit target，Alibaba take the lead to pass the "winter"

Not long ago, Ma Yun told the "First Financial Daily", all the internal subsidiaries of Alibaba Group will not set specific profit goals in two years under the situation that macroeconomic situation at home and abroad become worsening and SMEs are faced with many difficulties, but to spend major effort to strengthen internal basis and internal work to meet the arrival of next market upsurge.

In the past six months, the international market have formed the pattern of sluggish capital activities and compressed assets of the project as the initial sign of global economic recession appearing. In China, the input-inflation caused by the continuing appreciation of RMB has been going on for quite a long time, while the resulting tightening monetary policy and shortage of money supply may even become the "last straw" to overwhelm SMEs in particular, export-oriented Enterprises.

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