Alibaba Leadership Changes Won't Change Our Positive Long-Term Outlook; Shares Remain Undervalued
Jack Ma's decision to step away from wide-moat Alibaba's executive chairman role in 2019 and the company's board of directors will not impact our positive long-term bias for two reasons. First, we believe recent results demonstrate that Alibaba has a deep management bench, including current CEO Daniel Zhang (who will transition into the chairman role in 2019 and played a central role in the development of the Singles Day shopping event, building the Tmall platform from a regional to global B2C p...
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