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MarketScreener Homepage  >  Equities  >  Nyse  >  Alibaba Group Holding    BABA

ALIBABA GROUP HOLDING

(BABA)
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Alibaba : Jack Ma retires as Alibaba's chairman

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09/10/2019 | 01:41pm EDT

Chinese billionaire Jack Ma officially announced his retirement Tuesday as chairman of the Alibaba Group at a function to mark the company's 20th anniversary, Trend reports citing Xinhua.

The co-founder of the e-commerce giant who turns 55 Tuesday will continue to serve on Alibaba's board of directors until the general meeting of shareholders in 2020 and remain his permanent membership of Alibaba's partners.

Ma handled over the CEO position in 2013 and made an announcement in an open letter on Sept. 10, 2018, saying that he would step down in a year, with the company CEO Daniel Zhang taking over as the new chairman.

"The value of life should be seen in what a man has experienced and not in what he has received," Ma said, noting that he is not "retiring" but to spend more time and energy on education, philanthropy and environmental protection.

© 2019 Trend News Agency ALL RIGHTS RESERVED, source News Service

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Financials (CNY)
Sales 2020 512 B
EBIT 2020 94 470 M
Net income 2020 88 302 M
Finance 2020 195 B
Yield 2020 -
P/E ratio 2020 36,8x
P/E ratio 2021 27,2x
EV / Sales2020 5,71x
EV / Sales2021 4,26x
Capitalization 3 118 B
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Mean consensus BUY
Number of Analysts 52
Average target price 1 583,46  CNY
Last Close Price 1 197,51  CNY
Spread / Highest target 106%
Spread / Average Target 32,2%
Spread / Lowest Target -2,22%
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Managers
NameTitle
Yong Zhang Executive Chairman & Chief Executive Officer
John Michael Evans President & Director
Wei Wu CFO & Head-Strategic Investments
Jian Feng Zhang Chief Technology Officer
Chung Tsai Executive Vice Chairman
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