A Look At Alibaba’s Strategic Pivot Following Leadership Changes
The company continues to navigate market turbulence with tech advances By Yiannis Zourmpanos Summary Alibaba’s stock plunged 20% in 2023, dropping to around $73, echoing its price after the 2014 IPO. Despite the downturn, Alibaba maintains a robust financial status, with cash reserves accounting for one-third of its $186 billion market value. Under Eddie Wu’s …