Alibaba Chairman Cai Chongxin stated in an interview with CNBC that after a period of pressure, Alibaba has returned to the track of China's top e-commerce enterprises. With the restructuring of the architecture and the arrival of new management, Alibaba is more confident in becoming one of the top e-commerce enterprises in China. Although Alibaba is not as confident as before and feels competitive pressure, now Alibaba has returned. He also expects that the penetration rate of e-commerce in China will exceed 40% in the next five years, significantly higher than the current level of 30%. Alibaba had previously shelved its Alibaba Cloud IPO plan, and Cai Chongxin stated that it would be more reasonable to push forward with the IPO plan if investor sentiment is good. As for Cainiao, who has already submitted a listing application in Hong Kong, he said that the current market performance is not good, and the company is still waiting for a better opportunity.