Alibaba’s charismatic leader Jack Ma today (September 19) called for Chinese traditional manufacturers to fully embrace what he called the “New Manufacturing” model at The Cloud Computing Conference held in Hangzhou. Ma first put forward the concept at The Computing Conference in 2016, along with four other new trends of New Retail, New Finance, New Technology, and New Energy. The following market development has proved him right as the new retail trend gradually taken China by storm ever since, not only boosting the growth of Alibaba but also fostering a burgeoning ecosystem surrounding the new concept. Given Jack Ma’s leading position in China’s internet industry, his new proposal is expected to trigger a trend.
