The Alibaba group held their annual shareholder's group last Thursday. Every year at the meeting the executive chairman, Jack Ma, issues a letter to the members of the company. This year the letter was filled with confidence and hope for the future.
The funding group aims to serve 20% of the world's population over the next two decades. The company is aimed at funding and aiding profitable companies all over the world. Ma's goal is to create 100 million jobs worldwide over the next 20 years.
These lofty goals aren't exactly out of character for the executive director. Ma had very humble beginnings in China s a teacher. He then developed his online commerce company into a worldwide leader. The company has a value of almost $250 million today.
Ma has said that he is more excited about the company's future today than at any point during its history. Part of the company's growth has been driven by the addition of cloud computing to its offering. Ma had a positive outlook throughout the entire letter to his shareholders. The most notable investment that the company has made lately is purchasing a stake in Steven Spielberg's Amblin Partners. The company is responsible for both producing and distributing movies.
Alibaba Reports Better-Than-Expected Earnings; Total User Growth Soars