1. Technology & Innovation

Alibaba founder Jack Ma’s close confidants have taken the top roles at the Chinese tech giant — Here’s who they are

Written by Posted on Less than 0 min read

​Eddie Yongming Wu will become CEO of Alibaba, while Joe Tsai will take over as chairman. Both are close confidants of Alibaba’s billionaire founder Jack Ma. 

View Original Article
Member since
CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million people per month across all platforms. https://www.cnbc.com
Do you like CNBC's articles? Follow on social!

More from CNBC

  1. Corporate Strategy

Lowe’s chief marketing officer leaves the company as part of broader reorganization

Lowe’s chief marketing officer Marisa Thalberg has left the retailer as part of a broader reorganization, the company said. View Original Article Executives CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than […]
< 1 min read
0
  1. Corporate Strategy

Kohl’s names interim CEO Tom Kingsbury to the post permanently

 Kohl’s has locked in its interim CEO Tom Kingsbury permanently at the helm.  View Original Article Executives CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million people per month across […]
< 1 min read
0
  1. Channel: Mass

As Target shutters some stores, retailer looks to prove it can grow and avoid new setbacks

​ ​  ​[[“value”:”Target is gearing up for the holiday season, after dealing with slowing sales, backlash to its Pride collection and losses from theft.”]]  View Original Article Target Brick and Mortar Legal & Criminal Holiday & Events CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and […]
< 1 min read
0
  1. Holiday & Events

Online holiday spending jumps nearly 5% to new record, Adobe Analytics says

​[[“value”:”Shoppers were drawn in by retailers’ deep discounts and leaned on buy now, pay later more than in previous holiday seasons.”]]  View Original Article Data & Insights Marketing: Trade Pricing & Promotions Technology & Innovation Shoppers Holiday & Events CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader […]
< 1 min read
0
  1. Uncategorized

Estee Lauder’s plunge on weak forward guidance is not a reason to sell the stock

​ ​[[“value”:”The magnitude of the management’s guidance revision is about as bad as we have ever seen, especially with only one quarter left in the company’s fiscal year.”]]  View Original Article CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage […]
< 1 min read
0
  1. Corporate Finance

One of our best-performing stocks lately reports earnings this week. Here’s what to expect

TJ Maxx’s parent company is scheduled to report earnings Wednesday, after shares of TJX have outperformed the S&P 500 in recent months. View Original Article Results & Investment CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business […]
< 1 min read
0
  1. Corporate Finance

These 7 Club holdings are using pricing power to boost profits this earnings season

​ ​[[“value”:”When we’re talking about “pricing power,” it’s the ability of companies with strong brands to raise prices without seeing too much impact on demand.”]]  View Original Article Results & Investment CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and […]
< 1 min read
0
  1. Department & Category

Fast-food drive-thru lanes speed up as fewer drivers wait in line

​[[“value”:”The average total time spent in a drive-thru lane shrank 29 seconds this year, according to Intouch Insight.”]]  View Original Article Dept. Grocery CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than […]
< 1 min read
0
  1. Holiday & Events

Holiday shoppers have the ‘best discounting season in years,’ expert says. These tips can help you save even more

​ ​  ​[[“value”:”These dos and don’ts can help you make sure you’re not suffering from a holiday debt hangover in the new year.”]]  View Original Article Holiday & Events Shoppers CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business […]
< 1 min read
0
  1. Corporate Strategy

Wall Street isn’t pleased that Kevin Plank is returning as Under Armour’s CEO, shares plunge 12%

Stephanie Linnartz, a former Marriott executive who took over at Under Armour in February 2023, is the second CEO UAA has cycled through in less than two years. View Original Article Economy Executives CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time […]
< 1 min read
0
  1. Channel: Mass

Walmart will report earnings before the bell. Here’s what to expect

​ ​  The discounter has fared better than other retailers because of its low-price reputation and big grocery business. View Original Article Walmart Results & Investment CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed […]
< 1 min read
0
  1. Shopper & Customer

Strong holiday spending online and in stores is welcome news for 3 of our stocks

​[[“value”:”U.S. consumers didn’t cut back on shopping this year, despite all the economic uncertainty and high inflation.”]]  View Original Article Brick and Mortar Consumers Economy Holiday & Events CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business […]
< 1 min read
0
  1. Shopper & Customer

Inflation? Recession? Starting Black Friday, holiday shoppers are planning to spend

As Black Friday kicks off the holiday shopping season, we’re getting a clearer picture of how Americans plan to spend amid inflation and recession fears. View Original Article Strategy Economy Shoppers Holiday & Events CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides […]
< 1 min read
0
  1. Corporate Strategy

North Face owner VF Corp. falls 10% after guidance cut, CEO steps down

VF Corporation on Monday lowered its revenue and earnings expectations for the second half of its fiscal year. View Original Article Executives Results & Investment CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by […]
< 1 min read
0
  1. Channel: Specialty & Other

Bed Bath & Beyond shares plummet after company warns of potential bankruptcy

In this article BBBY Follow your favorite stocksCREATE FREE ACCOUNT A Bed Bath & Beyond store is seen on June 29, 2022 in Miami, Florida. Joe Raedle Getty Images News View Original Article Bankruptcy Bed Bath & Beyond CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in […]
< 1 min read
0
  1. CPG: HBC

Procter & Gamble price hikes boost revenue while Gillette write-down weighs on earnings

Procter & Gamble on Tuesday reported mixed quarterly earnings and revenue for its fiscal second quarter. View Original Article Results & Investment Procter & Gamble CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more […]
< 1 min read
0
  1. Trends & External Forces

Discount retail operator TJX shows it can deliver profits in a slowing economy

​Club holding TJX Companies’ (TJX) weaker-than-expected sales for its fiscal 2024 first quarter were more than offset by strong expense management.  View Original Article Economy Predictions and Forecasts CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content […]
< 1 min read
0
  1. Channel: Mass

Target CEO Brian Cornell to stay on for three more years, as company scraps retirement age

Cornell, who is 63, has been Target’s chief executive since 2014. View Original Article Executives Target CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million people per month across all […]
< 1 min read
0
  1. CPG: Food & Bev

PepsiCo earnings beat estimates but product recalls, weaker lower-income consumer hurt U.S. sales

PepsiCo’s volume and sales growth were better in most international markets than in its North America markets. View Original Article Consumers International PepsiCo Results & Investment CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed […]
< 1 min read
0
  1. CPG: Food

Kraft Heinz issues soft profit guidance, pauses price hikes

 [[“value”:”Kraft Heinz saw a decline in sales volume as it increased prices more than 15%.”]]  View Original Article KraftHeinz CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million people per […]
< 1 min read
0
Next