"Dong, you are just too timid; you need to show the vigor you had in the early years battling with Wang Wei."
JD's annual sales have steadily surpassed one trillion yuan, yet the annual net profit is less than 60 billion yuan.
With only six percent net profit, it's comparable to manufacturing enterprises, mainly due to the different labor costs. JD spent at least several hundred billion more on human resources annually, which has led to a sharp decline in net profit.
This is the responsibility a true entrepreneur should bear, which is correct, but while bearing social responsibilities, they should also enjoy certain privileges.
The more social responsibility a company assumes, the more privileges it should enjoy.
For instance, now that Old Ma is gone, Ali Group's people, affairs, and finances are in turmoil, which is precisely JD's opportunity to take over.
