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5/7/15: Shares of Alibaba Group Holding Ltd. (NYSE: BABA) jumped more than 10% this morning as the company exceeded March-ending quarter estimates. The company said that its revenue jumped 45% thanks to more active buyers and service fees. In addition, the company's chief operating officer Daniel Zhang will replace Jonathan Lu as CEO. The company announced per-share adjusted earnings of $0.48, beating Wall Street per-share adjusted earnings of $0.42.