Daiwa: Confidence in Alibaba-W (09988.HK) cloud revenue outlook strengthened; reiterates "Buy" rating.

Zhitong Finance APP has learned that Daiwa released a research report reiterating a "Buy" rating on Alibaba-W (09988.HK) and maintaining a target price of HK$180. After attending the 2026 Yunqi Conference, the bank's confidence in the company's cloud revenue prospects was further strengthened, although more aggressive cloud infrastructure plans bring financing uncertainty. Alibaba remains the bank's top pick in the sector, benefiting from a solid cloud business outlook and a clear AI monetization trajectory for China's internet industry.