According to a research report published by China Merchants Securities, Alibaba's revenue in the third fiscal quarter ended at the end of December last year increased by 8% year-on-year, 1% higher than market expectations; Adjusted EBITA resumed growth, recording a year-on-year increase of 4%; Non-GAAP net income grew 7% year-on-year and was also 11% higher than market expectations. The accelerated growth of Taotian Group was mainly driven by a 9% year-on-year growth in CMR and a 24% growth in wholesale business. The bank pointed out that Ali is strengthening investment to capture the surging demand for AI. With its full range of AI products, it is believed that Alibaba is still the main beneficiary of China's AI transformation wave and can fully welcome new AI opportunities,...
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Research Nuggets | China Merchants Securities: Raising Alibaba's target price to HK$165 is the main beneficiary of the AI transformation wave
格隆汇资讯2025-02-24
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