Astrada Advisors has increased its valuation range for Alibaba to $144-$165 per share, up from $128-$148, due to shrinking losses in Alibaba's Quick Commerce segment and strong momentum in AI and cloud services. The Quick Commerce unit is nearing breakeven, with losses expected to drop from RMB 16 billion to RMB 10 billion sequentially, which supports margin recovery. Despite ongoing macroeconomic challenges and overseas competition, the shift towards profitability in Quick Commerce and growth in high-margin cloud services underpin a positive outlook for the second half of the year.
Alibaba shares surged over 11% following UBS analysts' positive growth outlook, boosting the Global X NYSE 100 ETF. Investors are closely watching developments in the Middle East and recent Federal Reserve minutes for market direction. Additionally, ...
Alibaba's US-listed shares surged nearly 11% following a US federal judge's temporary block on Pentagon restrictions linked to the company's alleged ties to China's military. This legal reprieve allows Alibaba to continue engaging with US policymaker...
Alibaba's shares surged 12.2% in Hong Kong trading, their biggest single-day gain since September last year, reflecting renewed investor interest in Chinese tech stocks. The broader Chinese technology sector also saw gains after lagging behind rallie...
China's Ministry of Industry and Information Technology has identified a serious security back-door vulnerability in the U.S.-based AI coding tool Claude Code, which can send sensitive user data like location and identity to a remote server without c...
AIsa, a platform enabling AI agents to transact for digital resources, raised $6.5 million in a seed round led by Alibaba and Tribe Capital. The funding will expand engineering, scale payment infrastructure, and enhance stablecoin settlements. AIsa a...
