Alibaba's AI cloud revenue grew 45% year-over-year but still makes up less than 20% of total revenue, while its e-commerce growth is slowing. The company plans to increase capital expenditures to RMB 190 billion by fiscal year 2027, which will deepen its negative free cash flow beyond 2026 levels and raise investor concerns. Despite promising AI revenue projections, macroeconomic challenges and high financing costs make Alibaba's transformation riskier compared to global competitors. Analysts advise caution as Alibaba's financial pressures overshadow its growth ambitions.
Following concerns about Alibaba's cash flow pressures and growth challenges, its stock price on Pluang has dropped notably. As of Nov 12, 2026 22:22 WIB, Alibaba (BABA) trades at USD 94.33, down 7.08% for the day. The stock holds a market cap of $255.20 billion and shows a dividend yield of 1.03%, with Pluang investors placing 60% of orders to buy and 40% to sell, reflecting mixed sentiment amid ongoing financial pressures.
