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Our Values

Customers
Our values are fundamental
First,
Employees Second,
to the way we operate and Shareholders Third
how we recruit, evaluate and
compensate our people.
Trust Change
Makes Is The Only
Everything Constant
Simple
We aim to build the future infrastructure of commerce. We envision that our
customers will meet, work and live at Alibaba.

If Not Now, If Not Me,

Today’s Best
When? Who?
Performance Is Live Seriously,
Tomorrow’s Work
Baseline Happily
Work
We empower our customers
Meet with the fundamental
Customers first, employees Trust makes everything simple Change is the only constant
We enable commercial and infrastructure for commerce and
second, shareholders third
social interactions among new technology, so that they can Trust is both the most precious Whether you change or not,
hundreds of millions of build businesses and create value This reflects our choice of what’s and fragile thing in the world. the world is changing, our
users, between consumers that can be shared among our important, in order of priority. The story of Alibaba is a story customers are changing and
ecosystem participants. Only by creating sustained of building and cherishing trust. the competitive landscape is
@ Alibaba
and merchants, and among
customer value can employees Complexity begets complexity, changing. We must face change
businesses every day.
grow and shareholders achieve and simplicity breeds simplicity. with respect and humility.
long-term benefit. Aliren are straightforward – what Otherwise, we will fail to see
you see is what you get. With it, fail to respect it, fail to
trust, there is no second- understand it and fail to catch

Live
guessing or suspicion, and the up with it. Whether you change
result is simplicity and efficiency. yourself or create change, both
We strive to expand our are the best kinds of change.
Embracing change is the most
products and services
unique part of our DNA.
to become central to
the everyday lives of
our customers. Today’s best performance is If not now, when? Live seriously, work happily
tomorrow’s baseline If not me, who?
Work is now, life is forever. What
In Alibaba’s most challenging This was a tagline in Alibaba’s you do in your job is up to you,
times, this spirit has helped us first job advertisement and but you have responsibility to the
overcome difficulties and survive. became our first proverb. It is ones who love you. Enjoy work as
In bad times, we know how to not a question, but a call of duty. you enjoy life; treat life seriously
motivate ourselves; in good This proverb symbolizes the as you do work. If you live with
times, we dare to set “dream sense of ownership that each purpose, you will find reward.
targets” (stretch goals). Face the Aliren must possess. You make Alibaba different and
future, or we regress. We must make your loved ones proud.
shoot for the moon, challenge Everyone has their own view of
ourselves, motivate ourselves work and life; we respect each
and exceed ourselves. person’s choice. Whether you live
by this value depends on how
you live your life.

4 Alibaba Group Holding Limited Fiscal Year 2021 Annual Report 5

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