Alibaba is back on track to be one of the top e-commerce players in China, chairman of the company Joe Tsai said in a CNBC interview, arguing that “the restructuring and new management in place” had boosted confidence in the Chinese tech giant. Tsai acknowledged that competition on price in the e-commerce sphere is “definitely there,” and Alibaba has to learn a few lessons from its competitors, but stated that “the good thing is that it can be done, it’s within our control.” In the interview, he also said that the IPO plan for the firm’s cloud computing unit, which stalled in November amid US chip restrictions, would make more sense when investor sentiment was higher. [CNBC]
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