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Motley Fool Hidden Gems Investing

Alibaba Shakes Things Up

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.33.1K Ratings

🗓️ 22 June 2023

⏱️ 27 minutes

🧾️ Download transcript

Summary

Alibaba shuffles the deck as it heads towards spinning off its cloud division. (00:21) Bill Mann and Deidre Woollard discuss: - Alibaba’s leadership changes. - The difference between spin-offs and IPOs for Alibaba shareholders. - If Amazon makes it too hard to unsubscribe from Prime. (15:50)  Deidre Woollard and Ricky Mulvey cover what happens when a stock trades under $1. Companies discussed: BABA, AMZN, WE, NKLA, VCSA, APRN Host: Deidre Woollard Guests: Bill Mann, Ricky Mulvey Producer: Ricky Mulvey Engineer: Dan Boyd Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Allie Bobbos shaking things up and Amazon faces more scrutiny.

0:09.0

Motley Fool Money starts now.

0:11.6

Welcome to Motley Fool Money.

0:22.3

I'm Deedra Willard here with Motley Fool Analyst Bill Mann.

0:25.0

Bill, how are you today?

0:26.0

Hey, dear drum grade.

0:27.0

How are you?

0:28.0

I'm doing well.

0:29.0

So, this week has been an interesting one for Allie Bobbos.

0:32.0

We've got Chairman and CEO Daniel Zhang.

0:34.2

He's stepping down to focus on the growth of the cloud intelligence business as it heads

0:38.8

for a spin-off.

0:39.8

And Eddie Wu is going to take over as CEO.

0:41.6

Is this the case of Zhang kind of putting his energy towards what he sees as the biggest

0:45.2

growth opportunity?

0:46.8

So I don't know how you could view this as being anything other than a demotion for

0:54.0

Daniel Zhang.

0:55.7

So he had formerly, by formerly, I mean three months ago, was to be the chairman of the

1:01.5

entire entity.

1:02.8

But they are instead putting Joe Tsai back into that role.

1:08.8

I suspect that there are political reasons for doing so.

1:14.0

This is very, we are talking about China.

...

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