美股IPO·2025-09-16 07:08Core Viewpoint - The return of founder Jack Ma after years of absence is seen as a potential turning point for Alibaba Group, signaling a renewed focus on growth and competition in the tech industry [1][3]. Group 1: Jack Ma's Return - Jack Ma has re-emerged in Alibaba's operations, marking his most active involvement in five years since stepping back due to regulatory scrutiny [3]. - His return is characterized by a strong focus on artificial intelligence (AI) and a strategic response to competitors like JD.com and Meituan [3][4]. - Ma has reportedly invested up to 50 billion RMB (approximately 9 billion SGD) to support Alibaba's initiatives against JD.com's encroachment into the food delivery market [3]. Group 2: Market Dynamics - Alibaba's leadership acknowledges that the company no longer holds the 85% market share it once did, indicating a shift in the competitive landscape [5]. - As of July, Alibaba holds a 43% share of the Chinese food delivery market, trailing behind Meituan's 47% [5].