Page 45 - Cloud Intelligence Group News Today : Breaking News, Live Updates & Top Stories | Vimarsana

A lot has been brewing at Alibaba Group Holding Limited (NASDAQ: BABA) lately. The stock has been trading lower Tuesday following reports of Alibaba naming Eddie Wu, one of the company's co-founders and current Chair of Taobao and Tmall Group, succeeding Daniel Zhang as CEO, effective September 10. Post-transition, Zhang will continue leading the Alibaba Cloud Intelligence Group as its Chair and CEO. Alibaba co-founder Jack Ma held a small group meeting with executives from the company's e-comme

Eddie Wu will become the new chief executive, and Joseph Tsai will become chairman. The two co-founded the company with Jack Ma in 1999.

Maintaining our $177 fair value estimate for Alibaba stock; shares significantly undervalued.

According to Alibaba, Eddie Wu will take over from Daniel Zhang as CEO, to allow Zhang focus on the company's Cloud intelligence business.

Morgan Stanley analyst Gary Yu sees upside in Alibaba stock to $150. He's bullish on the overhaul the company announced in March.