Alibaba Names New Chairman, CEO in Surprise Succession Plan

Alibaba Group announced leadership changes, naming Joseph Sia as Chairman and Eddie Wu as CEO. The transition is timely due to the importance of Alibaba Cloud and Intelligence Group. Daniel Zang will serve as CEO of Alibaba Cloud. The market's reaction to these changes is yet to be fully understood, with the current stock price at 8825.

Who has been appointed as the new Chairman of Alibaba Group?

• Daniel Zang

• Jack Ma

• Joseph Sia

• Eddie Wu

What is the main focus of the leadership transition at Alibaba?

• Increasing product lines

• Expanding into new markets

• Enhancing Alibaba Cloud and Intelligence group

• Reducing operational costs

Who will be taking over as CEO of Alibaba Cloud?

• Daniel Zang

• Jack Ma

• Eddie Wu

• Joseph Sia

What has been the recent trend in Alibaba's stock performance?

• Significant decline

• Roller coaster run

• Stable with minor fluctuations

• Steady increase

What is the current stock price of Alibaba mentioned in the announcement?

• 8500

• 8750

• 9000

• 8825