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Alibaba Stock: CEO Quits! George Soros Buys BABA Stock
This Alibaba stock (BABA stock) update analyzes why Alibaba CEO Daniel Zhang has quit, just as he was about to transition to lead Alibaba Cloud ahead of its planned spinoff. Next we look at the news that the planned Freshippo IPO is being delayed, and the reason why. Finally, we examine the news that legendary investor George Soros has bought some BABA stock, and we look at which other super-investors currently own BABA stock.
Timestamps
00:00 Three Alibaba news highlights
00:19 Alibaba CEO Daniel Zhang steps down
03:28 Zhang Leaving Alibaba but not really
06:03 Why is Freshippo IPO is being…
The skinny
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