文 | 阑夕阿里刚刚发完2025财年年报,数据还算亮眼,这届管理层写了上任以来的第二封股东信,也总算走到了不再需要对市场解释自己要做什么选择的阶段,从发牌变成了出牌。发牌的时候,只知道自己手上有什么牌,再怎么有计划,也不清楚这么打会有什么结果,而在出牌的时候,根据已经打出去的牌面和反馈,确定性只会越来越高。对于阿里而言,重回正轨、估值修复这些“欲扬先抑”的词句,已经是上一个版本的调门了,新的...
Source Link文 | 阑夕阿里刚刚发完2025财年年报,数据还算亮眼,这届管理层写了上任以来的第二封股东信,也总算走到了不再需要对市场解释自己要做什么选择的阶段,从发牌变成了出牌。发牌的时候,只知道自己手上有什么牌,再怎么有计划,也不清楚这么打会有什么结果,而在出牌的时候,根据已经打出去的牌面和反馈,确定性只会越来越高。对于阿里而言,重回正轨、估值修复这些“欲扬先抑”的词句,已经是上一个版本的调门了,新的...
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