A partnership between BABA and WMT could change the world's retail landscape, both online and off
On opening day, BABA jumped 38% to close at $93.89 and continued rocketing upward for almost a full two months. BABA stock reached a high of almost $120 per share in November 2014 but has since plummeted more than 22% to about $88 per share.
On May 7, shortly after BABA stock dipped below $80 for the first time, management announced plans to replace Alibaba’s CEO, Jonathan Lu. Alibaba’s COO, Daniel Zhang, took the reigns on May 10, along with “a further management shuffle that brings in a wave of younger leaders.”
Zhang laid out his plans for the future of BABA, describing the need to globalize by investing in overseas operations and expanding Alibaba’s workforce to include talent from all over the world.




