Alibaba undergoes major leadership overhaul with new CEO Eddie Wu.
TL;DR Summary
Alibaba shares have fallen by 2.13% due to the announcement of Eddie Wu succeeding Daniel Zhang as CEO and Joe Tsai taking Zhang's place as chairman. Additionally, several Chinese stocks have also fallen after China's central bank made cuts to its one-year loan prime rate and five-year rate to stimulate the country's economic recovery.
- What's Going On With Alibaba Shares - Alibaba Group Holding (NYSE:BABA) Benzinga
- Eddie Wu prepares to run Alibaba empire built with mentor Jack Ma Financial Times
- Alibaba named Eddie Wu as new CEO Adda247
- Jack Ma's Tech Empire Alibaba Prepares for Major Overhaul under New Leadership - Alibaba Group Holding (N Benzinga
- Jack Ma's lieutenants return to oversee tough Alibaba reboot The Edge Malaysia
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