Alibaba Group Holding Limited (BABA - Free Report) appointed Pierre Poignant as the new chief executive officer (CEO) of its Southeast-Asian e-commerce holding company, Lazada. Poignant will succeed Lucy Peng, one of Alibaba’s co-founders, nine months after her appointment as CEO.
Poignant is also one of Lazada’s co-founders and was previously responsible for expanding the company’s logistics footprint, administering customer service and managing supply chain functions. He was appointed Lazada’s group executive president in August 2018.
Alibaba currently owns 91% of Lazada after the e-commerce juggernaut invested an extra $2 billion in Lazada Group in March, per Reuters.
Coming to price performance, Alibaba’s shares have lost 12.1% on a year-to-date basis against the industry’s rally of 2.5%.
Changing Leadership at Alibaba & Lazard
Alibaba witnessed significant changes in its leadership in 2018.
In September, founder of this Chinese online retail giant, Jack Ma announced that he will step down as chairman in 2019 to “focus on philanthropy and education”, passing on the leadership to Daniel Zhang.
Peng was appointed as the CEO of Lazard in early 2018, replacing Maximilian Bittner. During her tenure, Alibaba and Lazard introduced a remarkable feature, which enables customers to snap any object using the app. Thereafter, the picture instantly displays information about the product and similar products along with their prices.
Alibaba Group Holding Limited Price and Consensus
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Alibaba Group Holding Limited (BABA - Free Report) appointed Pierre Poignant as the new chief executive officer (CEO) of its Southeast-Asian e-commerce holding company, Lazada. Poignant will succeed Lucy Peng, one of Alibaba’s co-founders, nine months after her appointment as CEO.
Poignant is also one of Lazada’s co-founders and was previously responsible for expanding the company’s logistics footprint, administering customer service and managing supply chain functions. He was appointed Lazada’s group executive president in August 2018.
Alibaba currently owns 91% of Lazada after the e-commerce juggernaut invested an extra $2 billion in Lazada Group in March, per Reuters.
Coming to price performance, Alibaba’s shares have lost 12.1% on a year-to-date basis against the industry’s rally of 2.5%.
Changing Leadership at Alibaba & Lazard
Alibaba witnessed significant changes in its leadership in 2018.
In September, founder of this Chinese online retail giant, Jack Ma announced that he will step down as chairman in 2019 to “focus on philanthropy and education”, passing on the leadership to Daniel Zhang.
Peng was appointed as the CEO of Lazard in early 2018, replacing Maximilian Bittner. During her tenure, Alibaba and Lazard introduced a remarkable feature, which enables customers to snap any object using the app. Thereafter, the picture instantly displays information about the product and similar products along with their prices.
Alibaba Group Holding Limited Price and Consensus
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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