商业洞察·2025-09-18 09:25Core Viewpoint - The return of prominent figures in China's internet sector, such as Liu Qiangdong and Jack Ma, signifies a shift in the business landscape driven by internal crises and changes in macroeconomic policies and regulatory environments [2][6][17]. Group 1: Return of Founders - Liu Qiangdong's recent public appearance, including his first live cooking session, marks a significant shift in his engagement with the market, driven by competitive pressures from rivals like Pinduoduo and Douyin [9][10]. - Jack Ma has also re-emerged, reportedly increasing his involvement in Alibaba's operations, indicating a renewed focus on business management and direction [5][12]. - The active participation of these founders reflects a broader trend of leaders taking charge amid survival challenges faced by their companies [6][11]. Group 2: Economic and Regulatory Context - The internet sector has experienced a period of intense regulation since late 2020, which led to a cautious approach from entrepreneurs [14][15]. - Recent policy shifts have indicated a supportive stance towards the private economy, encouraging innovation and growth, which has prompted founders to re-engage publicly [16][17]. - The return of these leaders serves as a signal to other entrepreneurs that the environment is conducive for business activities, marking a transition from strict regulation to support for growth [17][18]. Group 3: Implications for the Industry - The actions of Liu Qiangdong and Jack Ma are not merely personal endeavors but reflect significant transformations within their companies and the broader economic landscape [18][19]. - The competitive landscape in China's internet sector is expected to intensify, with a focus on genuine competition rather than previous periods of rapid growth without substantial challenges [19].