On June 12, Alibaba-W (09988) rose 3.07% in regular trading, trading at 110.8 HKD/share with turnover of 2.205 billion HKD, rebounding from the prior session's sharp selloff of over 5%.
On the news front, Goldman Sachs issued a research note maintaining a Buy rating on Alibaba-W with a target price of 180 HKD, noting that the company's earnings downgrade cycle is bottoming and expecting improvement in the second half. The bank highlighted Alibaba's AI+Cloud leadership position, projecting AI-related products will contribute 50% of external cloud revenue within one year.
Meanwhile, markets are reassessing the DingTalk CEO replacement announced on June 11. Alibaba swiftly appointed 34-year-old AI Agent specialist Chen Yusen to replace Chen Hang, following the partners committee's public criticism of DingTalk's management culture. Analysts view the move as reinforcing DingTalk's role as Alibaba's core B-side AI battleground, with the new CEO's background in AI Agent development signaling a clearer strategic direction amid intensifying competition with Feishu and WeCom Enterprise.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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