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Alibaba Establishes E-Commerce Business Group. Why It Matters
The CEO of the e-commerce business group at alibaba (09988) sent an internal letter: at 25 years old, alibaba still needs to have an entrepreneurial mindset.
On November 21, alibaba Group (09988, BABA.US) CEO Wu Yongming released an email to all employees, announcing the establishment of the alibaba e-commerce business group, which will be led by Jiang Fan and report directly to Wu Yongming.
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103597019 : Whoever they help will win. Obviously, in this cold war, everyone is bullish on China winning.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Money Thrill 103597019 : indeed, but we must be carefully... partial purchases. US economy is greatest but share prices very high now. So, also Pay attention
Mulabucks : Where are U.S. merchants going to buy their goods if not from BABA. I am buying right here.
Man_9 Mulabucks : Good point. However, consumers seen to be cutting back on spending. We will see what happens during black Friday and cyber Monday.