trade protectionism: The three-pronged future strategy was made clear in a statement Alibaba sent to the Global Times on Monday, when Alibaba began its 2019 global investor conference in Hangzhou, capital of East China's Zhejiang Province, according to Global Times China. A few days ago, new chairman and CEO Zhang Yong emphasized the three strategies at Alibaba's 20th anniversary on September 11. This is also in line with the trend for first-tier Chinese companies to explore new markets to support growth, which is unstoppable by external obstruction such as trade protectionism, they said. Zhang Yong became Alibaba's new company chairman after Jack Ma Yun stepped down on September 10. Zhang Yi, CEO of Shenzhen-based ii Media Research, said that Alibaba is very likely to put more effort into exploring international markets. The fact that Alibaba has put globalization ahead of domestic demand shows that the company is inclined to place a bigger bet on international market growth than on domestic markets, which are increasingly saturated, Li Yi, a senior research fellow at the Internet Research Center of the Shanghai Academy of Social Sciences, told the Global Times on Monday.
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Tagged under trade protectionism, zhang yi topics.