Alibaba announces new leadership
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 20 June 2023
⏱️ 6 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:07.0 | Good morning. Today is Tuesday, June 20th, and I'm your host Julie Morgan. |
| 0:12.0 | Alibaba names a new CEO and chairman. |
| 0:15.0 | Ties between the US and China are said to be on the right trail. |
| 0:20.0 | And could Kava be the first glimpse of the light at the end of the IPO tunnel? |
| 0:25.1 | Here's what's making headlines today. |
| 0:27.2 | Alibaba names a new CEO. |
| 0:29.4 | The company announced today that Eddie Wu the current chairman of its marketplace's Taubao and Tymall |
| 0:35.4 | will succeed Daniel Jong as chief executive officer. |
| 0:38.8 | Joseph sighed the current executive vice chairman has been named as Chairman. |
| 0:43.2 | These appointments will take effect on September 10th. |
| 0:46.1 | After this change, Jong will continue to serve as Chairman and CEO of Alibaba Cloud Intelligence |
| 0:52.0 | Group. |
| 0:53.0 | President Biden said U.S. China Ties are on the right trail. |
| 0:58.0 | This after Secretary of State Anthony Blinken's two-day Beijing trip. |
| 1:02.0 | The trip included a surprise meeting with Chinese |
| 1:04.2 | President Xi Jing Ping. Blinking had earlier met with China's top |
| 1:08.2 | diplomat and foreign minister. Biden told reporters in California he, referring to blinking, did a hell of a job. |
| 1:15.6 | China's president echoed Biden's views on diplomatic progress. |
| 1:19.6 | According to a state-run news agency, he said, |
| 1:22.5 | China respects U.S. interests and does not seek |
| 1:25.4 | to challenge or displace the U.S. |
... |
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