CICC: Alibaba-W (09988.HK) Cloud Revenue Accelerates Quarterly, Maintains Target Price of HK$159

According to the Wisdom Finance APP, CICC released a research report stating that it is expected that the revenue growth rate for Alibaba-W (09988.HK) in the 2026/27 fiscal year will be 5% and 9%, while the profit growth rate will be 4% and 14%. The market share of Taotian e-commerce has stabilized, the realization rate continues to increase, and cloud revenue is accelerating quarter by quarter. The bank maintains a target price of HK$159 and a "buy" rating.