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Lex_Alibaba/Daniel Zhang: dream catcher更新于2018年9月11日 06:00 By Lex
Daniel Zhang’s nickname at Alibaba translates to “free and unfettered”. It will apply more accurately next year to founder Jack Ma. He will be at liberty to pursue “lots of dreams” after handing the chairmanship of the $420bn group to Mr Zhang.
Mr Zhang, a long-term executive, must reassure shareholders that prospects are solid and a strategy of accumulating stakes in other businesses makes sense. A valuation of fifty times last year’s earnings suggests investors expect further explosive growth. But the shares are lower than they were a year ago.
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