Alibaba Stock Is Rising. The E-Commerce Giant Shook Up Management

Dec 07, 2021

Alibaba Stock Is Rising. The E-Commerce Giant Shook Up Management.

Alibaba Group Holding's stock climbed on Monday after it was announced that the Chinese internet giant will be losing a long-time senior executive and that the leadership of its commerce team would be shaken up.

Maggie Wu, who was a key figure in Alibaba's (BABA) public offerings in both New York and Hong Kong, will step down as chief financial officer in April 2022, and will be followed by Toby Xu, deputy chief financial officer.

Wu has worked with Alibaba for 15 years and will continue to serve as an executive director on the group's board of directors, according to a statement released by the firm on Monday. Xu joined Alibaba in 2018 and has been Wu's deputy since 2019. He was formerly a partner at PricewaterhouseCoopers, one of the Big Four accounting firms.

"We are focused on the long term, and succession within our management team is always in the service of ensuring Alibaba is stronger and better positioned for the future," said Alibaba's chair and CEO, Daniel Zhang.

"The markets will always have ups and downs," Wu noted, "but Alibaba has big long-term aspirations." We're in a relay race, and new generations of skill are needed to propel the organization ahead."

On Monday, Citigroup's management stated that while the transition was not unexpected in the end, the timing was.

"We anticipated Mr. Xu to eventually succeed Ms. Wu as Group CFO," Citi analyst Alice Yap said. "We assumed any planned changeover may come a bit later, on signals of a growth re-acceleration or/and when the macro/external situation had stabilized, given a sequence of headline news over the last year," she says.

Separately, Alibaba stated on Monday in a blog post that it will restructure its commerce business by developing two new digital commerce divisions, one for foreign markets and the other for local markets.

The reorganization news made Citi's Yap smile, with the goal of "creating a more adaptable organizational structure amid a dynamic competitive landscape and growing business possibilities."

Alibaba's two strategic growth pillars are domestic consumption and internationalization, with technology innovation serving as a third motor, according to Yap. According to Yap, the merger would mix wholesale and retail, which "makes sense for Alibaba... as does splitting the local and foreign leadership teams given the firms' varied growth characteristics."

Alibaba's management shuffle comes at a time when the e-commerce behemoth is in upheaval. In China, the firm continues to suffer regulatory challenges, and investors have lately soured on its shares after quarterly reports revealed sluggish growth.

The stock's most recent headwind stems from larger fears that U.S.-listed Chinese businesses may be compelled to drop their New York listings in the future due to a difficult regulatory environment on both sides of the Pacific.

After being targeted by China's cybersecurity authority over data-security concerns, Didi Global (DIDI) revealed intentions to delist from the New York Stock Exchange and prepare to go public in Hong Kong only months after its IPO.

Alibaba's Hong Kong stock (9988.Hong Kong) fell 5.6 percent on Monday, while its US-listed shares rose 6.3 percent after falling 8.2 percent on Friday. Alibaba shareholders have had a tough year: the company's stock has dropped more than 50% this year and more than 30% in the last month alone, trading at their lowest levels in New York since spring 2017.

Subscribe Our Newsletter

Understand the Risk of High Tech Stock Prices

Milena

Know Before You Buy: Understand the Risk of High Tech Stock Prices.

The sector appears much less appealing than it did a few months ago, even though the trade may have a bit more juice in it. Here is why.

Stocks
Nvidia Stock Prediction 2030: Winning Streak and Future Trajectory

Nato

Nvidia Stock Prediction 2030: A Look at the Winning Streak and Future Trajectory

Explore the unprecedented rise of Nvidia stock, reaching new heights with the unveiling of the H200 Tensor Core GPU and dive into new positive Nvidia stock prediction 2030.

Stocks
B2BROKER Liquidity B2BROKER Liquidity
Sponsored
Oto

How to Start a Binary Options Broker: Detailed Guide
Learn how to start a binary options broker, from choosing technology partners and ensuring legal compliance to effective marketing and security.

discover
What is Liquidity?

Liquidity Provider

What Is Liquidity?

Let's find out what Liquidity is, the Importance of Market Liquidity, What Are the Most Liquid Markets, and who provides Liquidity.

Liquidity
Contact us bg

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiriesb2broker

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Successful!
    Thank you for your request.
    We will contact you shortly.
    Close

    Hazem

    MetaTrader vs cTrader: Which Trading Platform Shall You Choose?

    MetaTrader vs cTrader: The Full Breakdown

    Сonstantine

    Will Dogecoin Reach $1? Tokenomics and Price Analysis

    Will Dogecoin Reach 1 Dollar Analysis

    Сonstantine

    How to Get a Crypto Exchange License?

    How to Get Crypto Exchange License

    Сonstantine

    Best Crypto to Buy Now: Guide for Investors

    Best Crypto To Buy Now

    Hazem

    Grok vs ChatGPT: What’s the Best AI Assistant You Need in 2025

    Grok vs ChatGPT

    Сonstantine

    How to Choose the Right Liquidity Provider for Your Brokerage

    How to Choose the Right Liquidity Provider for Your Brokerage

    Сonstantine

    Low-Latency Trading Defined: Speed, Strategy and Technology

    Low-Latency Trading Explained

    Hazem

    How Liquidity Depth Affects Slippage in High-Volume Trading

    Liquidity depth and slippage in trading

    Hazem

    What is FIX API Liquidity Connection and How Does it Power Institutional Trading?

    FIX API in institutional trading

    Сonstantine

    OTC Trading Strategies and Technologies to Succeed in Over-the-Counter Markets

    OTC Trading Strategies

    Alexander

    What is OTC Trading? A Complete Guide for 2025

    what is OTC

    Alexander

    Synthetic Futures: A Trader’s Guide to Replicating Positions with Options

    How to Trade Synthetic Futures

    Сonstantine

    Order Book Depth: What It Is And Why It Matters?

    Order Book Depth What It is And Why It Matters

    Alexander

    Spot vs Perpetual Futures: Which Is Right for You?

    Spot vs Perpetual Futures explained

    Hazem

    5 Reasons Traders Are Switching to Perpetual Futures

    5 Reasons to Switch to Perpetual Futures

    Constantine

    Top 3 Liquidity Challenges Facing New Exchanges and How to Solve Them

    Top 3 Liquidity Challenges Facing New Exchanges Today

    Constantine

    Financial Planning in the Cryptocurrency Era — Master Crypto and Digital Asset Strategies

    Financial Planning in the Cryptocurrency Era

    Hazem

    Best Platforms to Trade Perpetual Futures in 2025

    Best platforms to trade perpetual futures in 2025

    Alex

    Top 10 Fintech Website Development Agencies for 2025

    Best Fintech Website Development Agencies for 2025

    Сonstantine

    Internal vs External Range Liquidity In ICT Trading Explained

    Internal vs External Range Liquidity In ICT Trading

    Constantine

    Portfolio Backtesting — Tools, Metrics, and Methods Explained

    Portfolio Backtesting

    Сonstantine

    ICT Trading Explained: Smart Money Concepts, Tools and Setups

    ICT Trading Explained

    Сonstantine

    CFD Trading Strategies: A Practical Guide to Risk and Execution

    CFD Trading Strategies

    Alexander

    What is a Fair Value Gap? A Guide to Trading Market Imbalances

    What is Fair Value Gap
    liquidity-provider-logo
    • News
      • Stock Market Forecast
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
      • AI
      • Technology
      • DeFi
      • NFT
    • Articles
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
      • Blockchain
      • Investing
      • NFT
      • DeFi
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
      • White Label Brokerage Platforms
      • Broker CRM Platforms
    [email protected]

    © 2024 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy
    This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.