It is rumored that Jack Ma returned to Hangzhou and appeared at Alibaba's headquarters on July 6th.
There is a rumor that Jack Ma returned to Hangzhou on July 6 and appeared at the headquarters of Alibaba.
The last time Jack Ma returned to public view was on March 27th. The following day, Alibaba announced the 'most important change in its 24 years of history', redefining and reconstructing the governance relationship between Alibaba Group and its businesses, and launching an organizational structure adjustment of '1+6+N'. Zhang Yong announced his resignation, with Alibaba's executives Cai Chongxin and Wu Yongming respectively taking over as chairman and CEO of the group.
JPMorgan released a research report stating that it has increased the Alibaba-SW 'shareholding' rating, and believes that the current stock price does not reflect the improvement of the fundamentals, especially in the domestic e-commerce field, with a target price of HKD 95. The bank predicts that Alibaba's stock price will maintain a range of fluctuations in the next 3 to 6 months, as its financial situation is still in the early stages of the investment cycle.
JPMorgan believes that if the company can complete its primary listing in Hong Kong, it will be included in Hong Kong stock connect as soon as September, and there are many catalysts for stock price growth.
Alibaba-related companies:
Alibaba-SW(09988), Ali Health(00241), Ali Pictures(01060), Sun Art Retail(06808)