Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Alibaba Group Holding Ltd (BABA)’s Employees Shunned By Jack Ma: No Performance, No Reward

On the eve of the Big Lunar New Year holiday, which begins Wednesday, Chinese companies usually give red envelopes to their employees, called “hongbao”, which is filled with money. But, not from Jack Ma this year; the founder and Executive Chairman of Alibaba Group Holding Ltd (NYSE:BABA), a family of highly successful internet-based businesses. A WSJ article discussed the reasons behind it and what Jack Ma has said about not giving red packets to his employees this year.

Most Valuable Brands In China

“The reason for not distributing red envelopes is that in the past year, Alibaba Group has not had exceptional results and not had any special surprises,” Ma reportedly said on his blog.

According to Jack Ma, being listed should not be a surprise, as it was the result of Alibaba Group Holding Ltd (NYSE:BABA)’s employees’ work for over 15 years. According to him, other than going public, they haven’t been so satisfied with their results in the year 2014, that they should distribute red envelopes among their employees, despite the company’s record-breaking IPO, further solidifying Ma as one of the richest men in the world.

“We must objectively and calmly see our own results, rationally regard external views and not let ourselves be lost in illusory fame,” Ma said.

Last month, Alibaba Group Holding Ltd (NYSE:BABA) announced disappointing growth in its revenue for the December quarter, which sent shares tumbling. It also had to battle with a strong Chinese regulator on the point that Alibaba is not capable of handling the fake goods issue, including some other issues like bribery and illegal activities taking place on its platform.

Jack Ma said that the outside world is expecting too much from them and they are far behind those expectations. He also said that their company has the same problems that many big companies have. This may be bad news for employees of Alibaba Group Holding Ltd (NYSE:BABA) but what he said is quite practical and logical as a Chairman. According to him, reward will be given after performing well. Investors must be expecting good results from Alibaba Group Holding Ltd. but it did not perform well in the previous quarter (or at least, not as well as they had hoped).

After the bad news of not receiving red packets this year for Alibaba Group Holding Ltd (NYSE:BABA)’s employees, there is still good news for them, which is that a year-end payment, known as “The 13th-Month Bonus”, which is usually equivalent to a month’s salary, would be distributed this month.

I jsut made 84% in 4 daysI Just Made 84% in 4 Days By Blindly Following This Hedge Fund

I just made 84% in 4 days by blindly imitating a hedge fund’s stock pick. I will tell you how I pulled such a huge return in such a short time but let me first explain in this FREE REPORT why following hedge funds’ stock picks is one of the smartest things you can do as an investor. We launched our quarterly newsletter 2.5 years ago and not one subscriber has, since, said “I lost money by EXACTLY following your stock picks”. The reason is simple. You can beat index funds by creating a DREAM TEAM of hedge fund managers and investing in only their best ideas. I just made 84% in 4 days by blindly imitating one of these best ideas. CLICK HERE NOW for all the details.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.