BABA Demands Each Biz to Have 'Sense of Operation' & Further Clarify Focus of Inputs - Report

　　LatePost, citing sources, reported that BABA-SW (09988.HK) -2.000 (-2.639%) Short selling $653.75M; Ratio 20.601% 's management team reached several operation consensuses at the group's core senior management meeting at the beginning of July, which was attended by a number of partners.

　　The management now requires each business to have a sense of operation, focus on strategy, and have the strength of determination. The businesses should also know their own strengths and weaknesses, and to further clarify the focus of inputs.

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　　Analysis suggested that compared to BABA management's past emphasis on ‘mission’, ‘vision’, ‘tomorrow’ and ‘innovation’, the emphasis this time is more pragmatic. This could imply that BABA would squeeze out a lot of business bloat that was kept to maintain a false sense of prosperity, make business choices in response to the macro environment, and refine the management input.