EQS Newswire / 20/09/2024 / 05:15 CET/CEST Global Cloud Leader Collaborates with NVIDIA, XPENG, miHoYo, Atlas, Codium, UNESCO-ICHEI to Drive the Future of Mobility, Gaming, Travel, IT and Education HANGZHOU, CHINA - - 20 September 2024 - Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, today announced at its annual flagship event Apsara Conference that its proprietary foundational model Tongyi has attracted over 300,000 customers via its generative AI platform, Model Studio, a significant jump from 90,000 revealed in May. Leveraging Alibaba Cloud's Tongy...
EQS Newswire / 19/09/2024 / 08:45 CET/CEST Cloud Leader Unveils 100 Open-sourced Qwen 2.5 Multimodal Models and New Text-to-Video AI Model to Bring Visual Creations to a Higher Level Revamped Cloud Infrastructure is Introduced to Maximize Values for Customers HANGZHOU, CHINA - - 19 September 2024 - Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, today announced it has released over 100 of its newly-launched large language models, Qwen 2.5, to the global open-source community. This significant contribution was revealed at the Apsara Con...
2Q24 revenue growth was lukewarm, hampered by a subdued macro backdrop, but most earnings beats were delivered by internet companies. We expect consumers to continue switching to service- and experience-oriented, which will benefit OTA, local life services and online games amid the summer holiday period. Key catalysts in 2H24 that will drive internet companies’ valuation repair include shareholder returns, cross-border expansion, easing competition and more, in our view. Maintain MARKET WEIGHT.
GREATER CHINA Strategy Alpha Picks: September Conviction Calls: We expect an improving operating performance among selected companies in September, and add AIA, COLI, Desay SV, Galaxy Entertainment, Meituan, Ping An and TUL to our BUY list and add Li Auto as a SELL. INDONESIA Strategy Alpha Picks: Trailing The JCI’s Strong Performance In Aug 24: Our picks are ICBP, TOWR, BBNI, BMRI, BBRI, EXCL, CTRA, BBTN, CMRY, SIDO and JSMR. MALAYSIA Strategy Alpha Picks: Adapting To A Bipolar Market: Our Al...
What’s new: Alibaba’s reported FY1Q25 revs that were below consensus and expectations. As market share could start to stabilize, BABA could shift its focus towards monetization where the gap between CMR and GMV growth could further narrow in the next few quarters. We maintain our PT at USD100. Analysts: Jin Yoon
Alibaba delivered solid 1QFY25 results. Revenue grew 4% yoy to Rmb243.2b, slightly missing the street’s estimate. Non-GAAP net profit was Rmb40.7b, down 9% yoy and is 7% above consensus forecast, with net margin of 16.7%. We remain optimistic on the double-digit revenue growth target for the cloud business in 2H24 and TTG’s take rate improvement upon strategic execution. Maintain BUY with a slightly lower target price of HK$95.00 (US$95.00).
KEY HIGHLIGHTS Economics Economic Activity July macro data was weak, with both FAI and industrial production growth trending lower and missing expectations. FAI ytd growth declined to 3.6% yoy in July, as property related FAI stayed weak, falling 10.2% ytd yoy. Retail sales improved by 0.7ppt to 2.7% yoy in July from June. Together with a surprise uptick in unemployment rate, data points to lacklustre growth. Sector Automobile China’s PV insurance registration grew 10% yoy/14% mom but fe...
EQS Newswire / 12/08/2024 / 04:00 CET/CEST Advanced cloud-based initiatives help enhance spectator experience while helping with sustainability planning for future hosting citiesPARIS, FRANCE - – 12 August 2024 - Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, has harnessed the power of its cloud technologies to drive multiple initiatives throughout the Olympic Games Paris 2024 (Paris 2024). These efforts were made to empower media professionals in their coverage of the Games, while also elevating the engagement for worldwide sports fans through a range ...
E-commerce companies are actively undergoing strategic adjustments to balance low prices and user experience, thereby facilitating GMV growth momentum. Following the adjustments, we expect to see a re-acceleration of growth and better profitability in 2H24. We opine that cross-border e-commerce expansion and adtech upgrades will remain as the key catalysts for e-commerce companies amid stagnant domestic ecommerce growth. Maintain MARKET WEIGHT.
EQS Newswire / 05/08/2024 / 12:30 CET/CEST Global cloud leader supports long-term AI growth with price reductions of up to 59% on core public cloud products New services and product features are now available to boost generative AI development HANGZHOU, CHINA - - 8 April 2024 – Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, today announced its new pricing strategy for the international customers with prices reductions of up to 59% on core public cloud products using the company's international data centers out of Chinese mainland. This is alig...
GREATER CHINA Strategy Alpha Picks: August Conviction Calls: We expect stimulus to be announced in August and add COSCO Shipping Ports, Haier Smart Home, and KE Holdings to our BUY list and add SELL call on WuXi Bio, and XPeng. INDONESIA Strategy Alpha Picks: Underperformance in Jul 24: Our picks are BBNI, BMRI, BBRI, EXCL, CTRA, BBTN, CMRY, SIDO and JSMR. MALAYSIA Strategy Alpha Picks: Raising The M&A And Monetisation Bets: Our Alpha Picks marginally beat the KLCI. Jul 24 picks: Ekovest, Gamu...
GREATER CHINA Strategy Alpha Picks: July Conviction Call: Adding ASMPT, Innovent, Poly Property Services, TAL Education and Trip.com to our BUY list; hedging with SELL call on BYD. INDONESIA Strategy Alpha Picks: Outperformance In Jun 24 And 2Q24: Our picks are BMRI, BBRI, EXCL, BSDE, TLKM, ACES, BBTN, CMRY, SIDO and JSMR. MALAYSIA Strategy Alpha Picks: Opting For More Adventurous Choices: Our Alpha Picks beat the KLCI again. Jul 24 picks: BURSA, Ekovest, Gamuda, Lagenda, Mah Sing, MYEG, Pekat...
The 618 shopping festival growth was better than expected with a strategic pivot to user experience. The overall performance has been front-loaded as reflected in NBS’ May data due to 618 pre-sales cancellation. Against a cautious consumption backdrop, multiple platforms have adopted low-priced and user-first strategies to seize market shares. We remain cautiously optimistic on China’s e-commerce sector pending the reacceleration in 2H24 upon a strategic shift. Maintain MARKET WEIGHT.
We believe efforts in user-focused and overseas expansion strategies will continue to help e-commerce companies regain GMV growth momentum and potentially improve take rates. We expect consumption behaviour to become service- and experienceoriented, which will benefit OTA players. With increasing shareholder returns and the recent ADR convertible issuance, the market will continue to focus on stock yields, companies’ cash positions and domestic regulations. Maintain MARKET WEIGHT.
GREATER CHINA Strategy Alpha Picks: June Conviction Call: Adding KE Holdings and Wharf REIC to our BUY list; hedging with SELL call on BYD. INDONESIA Strategy Alpha Picks: First Month Of Underperformance In 2024: Our picks are EXCL, BSDE, TLKM, ACES, BBTN, CMRY, SIDO and JSMR. MALAYSIA Strategy Alpha Picks: Choices For A “Summer Lull”: Our Alpha Picks trounce the KLCI again. May 24 picks: BAUTO, BURSA, Gamuda, GENM, Lagenda, Mah Sing, MYEG, PMETAL, RGB, and VSI. SINGAPORE Strategy Alpha Picks...
Moody's Ratings (Moody's) has assigned an A1 senior unsecured rating to the proposed convertible bonds to be issued by Alibaba Group Holding Limited (A1 negative). "The proposed issuance will strengthen Alibaba's already strong liquidity position, provide higher financial flexibility and support s...
EQS Newswire / 23/05/2024 / 14:30 CET/CEST Gen-AI platform made available for international customers and enhanced partnerships announced for enriched eco-system to further support global customersPARIS, FRANCE - - 23 May 2024 - Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, announced its plan to launch its first cloud region in Mexico, and to establish additional data centers in its key markets including Malaysia, the Philippines, Thailand, and South Korea in the next three years. The new investment to build new cloud and AI infrastructure across key ...
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