$BABA-W(09988)$ The report highlights several positives for Alibaba from this development. It points to recognition of Qwen's model capabilities, its broad portfolio that serves diverse needs, increased international visibility for Qwen, and Alibaba's strong cloud infrastructure enabling good service and cost-effectiveness. Following the Apple collaboration, adoption and usage of Qwen are expected to grow further, both on-device for simpler tasks and in the cloud for more complex ones.
$BABA-W(09988)$ It's broken through the 115-117 resistance, moving up to the 120-122 range. That zone had been a tough barrier to crack from 2021 until last year. It's a positive sign if it tests that level directly now, without getting hung up on the smaller hurdle around 117 first.
$BABA-W(09988)$ BABA is up on the AAPL news. In mainland China, foreign tech companies have to partner with local providers to deploy generative AI because of strict domestic regulations. By securing regulatory clearance to power Apple Intelligence features on the iPhone, Alibaba is positioning itself for a highly lucrative distribution channel.
$BABA-W(09988)$ China Merchants Securities put out a strong buy rating on Alibaba, pointing out that the company's cloud segment has seen meaningful profit improvement from MaaS and its in-house chips.
$BABA-W(09988)$ Alibaba could see a significant return on its $1.1 billion investment in CXMT if the chipmaker's upcoming large-scale IPO goes well. The potential upside being discussed is substantial.
$BABA-W(09988)$ A good sign for this to hold 115 would be the Hang Seng holding 24,400. I'm hoping the Hang Seng can turn from red to green and hold gains this time, which would be an action of strength.