Alibaba founder Jack Ma held a small-scale internal meeting with top executives from Taobao and Tmall in late May to discuss the state of the company’s core e-commerce group, according to a Monday report by LatePost. During the meeting, Ma pointed out that the group faces severe competition, past success measures may no longer be applicable, and more changes are required. Ma suggested that the group focus more on Taobao, the consumer-to-consumer (C2C) platform mainly for small businesses and individuals, rather than on Tmall, the business-to-consumer (B2C) platform for larger, more established brands. He also suggested that the group cut more management layers and become more nimble. According to LatePost’s calculations, based on data and analysis obtained from third-party companies, Pinduoduo and Douyin exceeded 50% of Alibaba’s e-commerce business in China in combined sales total (GMV) in 2022. In terms of revenue, Pinduoduo’s earnings in the first three months of 2023 have already reached 62% of Alibaba’s domestic e-commerce business revenue. [LatePost, in Chinese]