What does the statement say about the privilege to lead Alibaba Group?
Alibaba Names New Chairman, CEO in Surprise Succession Plan
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Alibaba Group announced leadership changes, naming Joseph Sia as Chairman and Eddie Wu as CEO. The transition is timely due to the importance of Alibaba Cloud and Intelligence Group. Daniel Zang will serve as CEO of Alibaba Cloud. The market's reaction to these changes is yet to be fully understood, with the current stock price at 8825.
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How has the year-to-date chart for Alibaba Cloud been described?
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