Alibaba: Now Or Never
BABABABA(BABA) Seeking Alpha·2024-09-05 21:09
Robert Way What’s going on with the company? Management shakeup Alibaba’s last three years have been tumultuous. At this point, we believe that the firm’s previous CEO, Daniel Zhang, has been neglecting innovation and his inability to execute allowed formidable competitors like Pinduoduo (PDD) to emerge in the Chinese e-commerce space. Alibaba had to get more agile quickly, and beyond the reorganization plan that resulted in the formation of six distinct business groups, it was clear that leadership had ...