Alibaba Takes Control of Unprofitable Delivery Business

The transcript discusses Alibaba's significant growth in the e-commerce sector in China and its logistics challenges. It highlights Alibaba's strategy of partnering with various logistics companies and its recent acquisition of a controlling stake in a logistics partner. The discussion also covers the SEC probe into Alibaba's accounting practices, particularly the equity method used for reporting investments. Alibaba's plans to scale globally and transition to a more asset-heavy model are explored, with insights from Jack Ma. The transcript concludes with Alibaba's ambitious goal to handle a billion packages daily, especially during the Singles Day shopping event.

What did Jack Ma emphasize about Alibaba's logistics model during the interview?

What is the realistic goal for the number of packages Alibaba aims to handle daily?