Jack Ma outlines new strategy to develop 'Alibaba economy'

Just days after announcing the opening of technology labs and to invest $15bn in research and development, e-commerce giant Alibaba has revealed its aim to create an 'Alibaba economy' and outlined the ambition of supporting five new strategy elements for the coming decades.
In a letter that included the strapline: "2017 Letter to Shareholders," Jack Ma, executive chairman of the Alibaba Group emphasized that "while public shareholders expect us to be profitable, our raison d&