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Alibaba Management Shake-Up: Long-Time CFO Maggie Wu Replaced, No Panicking Necessary
208 Views, 06 Dec 2021 14:38
Alibaba Group (9988 HK)’s decision to replace the long time CFO Maggie Wu doesn’t seem like a reason for investors to panic sell.
- She will continue to serve the company as an executive director and continue to be involved in the business.
- Also, the fact that she is replaced by her protégé, Toby Xu seems like an indication that the top management is still happy with how financials are handled.