Jack Ma Is Giving Alibaba (BABA) Stock a Big Boost

Alibaba (NYSE:BABA) stock is getting a boost on Wednesday from comments made by cofounder Jack Ma.Ma doesn’t typically make much in the way of public comments. However, he recently released a memo praising the leadership team at Alibaba. Among his uplifting words is approval for how the team is handling the company’s restructuring.Here’s a portion of what Ma said in his memo concerning Alibaba’s leadership team, according to Reuters.“We must not only have the courage to admit and correct yesterday’s problem ...