Alibaba Group Holding – Palace Intrigue
Equity Bottom-Up203 Views, 07 Dec 2021 03:27
EXECUTIVE SUMMARY
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Management Shake-up: Alibaba Group Holding (BABA.US) [Alibaba] announced that long-time CFO Maggie Wu will be stepping down in April 2022;
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Restructure: Alibaba also announced that it will be reorganizing its international and domestic e-commerce businesses; and
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Further Pressure:Just last month, Alibaba reduced its revenue growth forecast. The formation of a financial holding company will cause earnings to compress while capital requirements increase.