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Joe Tsai: BABA-W To Rehire, To Offer Reasonable Returns to Shareholders via Dividends
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BABA-W (09988.HK) Chairman Joe Tsai commented that the economy of mainland China is in a transitional phase, underscoring that a recovery in consumer spending will depend on restored business confidence. Since Chinese President Xi Jinping met with entrepreneurs last month, Tsai has observed heightened confidence among private enterprises. After multiple quarters of workforce reduction, Alibaba’s employee numbers have now bottomed out, and the company plans to rehire. Moreover, Alibaba will provide reasonable returns to shareholders through dividends. Tsai continued that AI-related developments are progressing rapidly, but signs of a bubble are emerging in AI data center buildout. He pointed out that many announced investments in U.S. data centers appear duplicative or overlapping. AAStocks Financial News |
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