Lates News

Dahua Jixian analysts pointed out in their report that Alibaba's performance in the third quarter of the 2026 fiscal year may be flat, but with the slowdown in investment in the competitive instant retail business, its profit margin is expected to gradually recover. The analysts are cautiously optimistic about the core e-commerce business in the face of high base effects and a competitive environment, while also bullish on the prospects of cloud business. The bank expects customer management revenue to grow by 3.5% year-on-year, non-GAAP net profit to decline by 45%, and cloud computing revenue to grow by 36%. Dahua Jixian maintains a "buy" rating for Alibaba's H shares, with a target price of 206 Hong Kong dollars, emphasizing that Alibaba is still the only listed company in China with full-stack artificial intelligence capabilities.