Alibaba Enters a New Era with a New CEO. What You Should Know

By Neil Rozenbaum – Jun 20, 2023 at 10:00AM

NYSE: BABA

Alibaba Group

Market Cap

$183B

Today's Change

(1.14%) $0.86

Current Price

$76.41

Price as of April 29, 2024, 4:00 p.m. ET

The Chinese e-commerce behemoth is making some drastic changes.

In this video, I will talk about Alibaba (BABA 1.14%), the announcement of a new chairman and CEO, why the timing of this makes sense, what it means for shareholders, and where Alibaba stock goes from here after Blinken's visit to China.

*Stock prices used were from the trading day of June 16, 2023. The video was published on June 20, 2023.

Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool recommends Alibaba Group. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.