Alibaba Set to Gain From Rising AI Adoption -- Market Talk

Dow Jones01-15

0759 GMT - Alibaba Group is likely to benefit from rising AI adoption, Jefferies analysts say in a research note. The Chinese e-commerce company is making a major update of its Qwen app, linking the chatbot to its core ecosystem, such as the Taobao shopping platform, the analysts point out. On the industry level, rising AI adoption is expected to drive cloud demand, which should benefit Alibaba Cloud, they add. Alibaba's cloud business is likely to "capture the majority of incremental industry AI cloud revenue, with expanding market share in 2026," the analysts write. Jefferies keeps a buy rating and a target price of HK$218.00 on the company's H shares. The stock trades at HK$165.20. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

January 15, 2026 02:59 ET (07:59 GMT)

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