HONG KONG -- Alibaba Group Holding can "advance" in 2023, Chairman and CEO Daniel Zhang told staff Thursday, suggesting the Chinese company hopes to move on from a period of turmoil caused by Beijing's crackdown on the tech sector.
"The key word for the new year prospects I wrote down earlier this year is 'firm and stable'... as we begin 2023, I hope the key word for the new year will be 'advance,'" Zhang said in an internal letter to employees that also referenced China's abrupt U-turn on its zero-COVID strategy.
