Alibaba is changing. To stick with the stock, investors need faith that Executive Chairman Jack Ma can pull off a move away from the core e-commerce business that made him one of the world’s richest men. The Chinese internet giant has been putting a lot of money into businesses beyond pure internet retail over the past year: bricks-and-mortar stores, online videos, and food delivery. These investments have boosted the company’s revenue—up 61% year-over-year last quarter—but dragged down margins, according to results released...

Source: Wall Street Journal August 23, 2018 15:11 UTC