New Street Research - Alibaba Group Holding Ltd. Sponsored ADR (A117ME) BABA FY1Q26 Results: Continued Market Share Gains in both Cloud and Quick Commerce

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New Street Research

Jin Yoon

BABA FY1Q26 Results: Continued Market Share Gains in both Cloud and Quick Commerce

What’s new: Alibaba’s reported FY1Q26 results that were below consensus and our expectations. BABA could continue to gain market share in both cloud and quick commerce segments. Non-GAAP EBITA could see further margin pressure in the Sep Quarter partly due to investments in quick commerce. We maintain our PT at USD155.

Analysts:
Jin Yoon

01/09/2025 1 EN

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Alibaba Group Holding Ltd. Sponsored ADR

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US01609W1027 Stuttgart Stock Exchange Cayman Islands

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New Street Research

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Analysts

Jin Yoon

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BABA FY1Q26 Results: Continued Market Share Gains in both Cloud and Quick Commerce

Alibaba Group (9988 HK): 1QFY26: Better-than-expected CMR and cloud revenue growth; encouraging quick commerce outlook.

Greater China Daily: Monday, September 1, 2025

UCB - Quantifying the MoonLake Risk

Global EM Telcos & Towers Continuing strong: NSR GEM Top-10 September ‘25 Update

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