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What's Going On With Alibaba Stock Wednesday? - Alibaba Gr Holding (NYSE:BABA)

Jack Ma leads restructuring of Alibaba to rejuvenate the company. In a rare public gesture, he praises rejuvenation efforts and encourages employees to remain steadfast. Stock price rises. ....

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What's Going On With Alibaba Stock Wednesday?

Alibaba Group Holding Limited (NYSE:BABA), under the guidance of Jack Ma, is undergoing a significant restructuring to rejuvenate the company. Ma expressed his support on an internal Alibaba forum in a rare public gesture, marking his second appearance in recent months to bolster morale among employees of the Chinese e-commerce giant he helped establish. The stock price climbed after the report. Having stepped back from the limelight in the past few years, the billionaire drafted a detailed memo ....

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