This Alibaba report is really about cloud margins

This research note focuses on Alibaba’s latest AI progress, but the real story sits underneath.

As Qwen moves from a standalone model into Alibaba’s cloud, maps, and core apps, AI is starting to translate into actual workload demand.

The report is less about short-term numbers, and more about whether AI can structurally lift cloud margins over time.

Kuaishou Alibaba opens up and Hong Kong technology stocks are expected to rebound

Hong Kong technology stocks such as Kuaishou and Alibaba opened higher, and the Hang Seng Technology Index rose. Liu Chenming's team at GF Securities is optimistic about the Hong Kong stock market's compensatory gains, and believes that Hong Kong stocks are transforming into the main track of hard technologies such as AI applications and new energy. It is expected that Hengke may rebound at the 120-250-day moving average, and improved liquidity may drive a new round of Hong Kong stocks.

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tadayuki
01-08
tadayuki
Great article, would you like to share it?
- SG Visual Research:
  Sure, plz Sent me your email

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Liu Chenming's team at GF Securities is optimistic about the Hong Kong stock market's compensatory gains, and believes that Hong Kong stocks are transforming into the main track of hard technologies such as AI applications and new energy. It is expected that Hengke may rebound at the 120-250-day moving average, and improved liquidity may drive a new round of Hong Kong stocks."}],"images":[{"img":"https://community-static.tradeup.com/news/c146e4dd7181988784e9c309ff8a1324","width":"1080","height":"6009"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/c146e4dd7181988784e9c309ff8a1324","width":"1080","height":"6009"}],"title":"This Alibaba report is really about cloud margins","html":"<html><head></head><body><a href=\"https://ttm.financial/S/09988\">$阿里巴巴-W(09988)$&nbsp;</a>&nbsp;<a href=\"https://ttm.financial/S/BABA\">$阿里巴巴(BABA)$&nbsp;</a>&nbsp;\nThis research note focuses on Alibaba’s latest AI progress, but the real story sits underneath.\nAs Qwen moves from a standalone model into Alibaba’s cloud, maps, and core apps, AI is starting to translate into actual workload demand.\nThe report is less about short-term numbers, and more about whether AI can structurally lift cloud margins over time.\n<img src=\"https://community-static.tradeup.com/news/c146e4dd7181988784e9c309ff8a1324\" tg-width=\"1080\" tg-height=\"6009\">\n\n </body></html>","htmlText":"<html><head></head><body><a href=\"https://ttm.financial/S/09988\">$阿里巴巴-W(09988)$&nbsp;</a>&nbsp;<a href=\"https://ttm.financial/S/BABA\">$阿里巴巴(BABA)$&nbsp;</a>&nbsp;\nThis research note focuses on Alibaba’s latest AI progress, but the real story sits underneath.\nAs Qwen moves from a standalone model into Alibaba’s cloud, maps, and core apps, AI is starting to translate into actual workload demand.\nThe report is less about short-term numbers, and more about whether AI can structurally lift cloud margins over time.\n<img src=\"https://community-static.tradeup.com/news/c146e4dd7181988784e9c309ff8a1324\" tg-width=\"1080\" tg-height=\"6009\">\n\n </body></html>","text":"$阿里巴巴-W(09988)$ $阿里巴巴(BABA)$ This research note focuses on Alibaba’s latest AI progress, but the real story sits underneath. 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The report is less about short-term numbers, and more about whether AI can structurally lift cloud margins over time.","highlighted":1,"essential":1,"paper":2,"likeSize":22,"commentSize":2,"repostSize":226,"favoriteSize":0,"link":"https://ttm.financial/post/519059933859968","repostId":0,"isVote":1,"tweetType":1,"viewCount":5368,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["09988","BABA"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":330,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":519361518092296,"commentId":"519361518092296","gmtCreate":1767820142245,"gmtModify":1767822538730,"authorId":4178054866303312,"author":{"id":4178054866303312,"idStr":"4178054866303312","authorId":4178054866303312,"name":"tadayuki","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":519059933859968,"objectIdStr":"519059933859968","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Great article, would you like to share it?","text":"Great article, would you like to share it?","html":"Great article, would you like to share it?","likeSize":0,"commentSize":1,"subComments":[{"id":519657431909584,"commentId":"519657431909584","gmtCreate":1767917791460,"gmtModify":1767919250410,"authorId":4228443963132142,"author":{"id":4228443963132142,"idStr":"4228443963132142","authorId":4228443963132142,"name":"SG Visual Research","avatar":"https://community-static.tradeup.com/news/7eedd3d4fd92e5aaa08533a8ffb66a5d","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":519059933859968,"objectIdStr":"519059933859968","type":1,"supId":519361518092296,"supIdStr":"519361518092296","prevId":0,"prevIdStr":"0","content":"Sure, plz Sent me your email","text":"Sure, plz Sent me your email","html":"Sure, plz Sent me your email","disclaimerType":0}],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0,"disclaimerType":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/519059933859968"}