Alibaba Cloud Emerges As 'China's Leading GenAI' Provider, Analyst Says
1. Alibaba enhances cloud services, expanding e-commerce capabilities amid shifting consumer behavior. 2. Analyst reiterates Buy rating, increasing price target to $195. 3. Cloud segment reports 26% year-on-year growth, exceeding expectations. 4. Investment in Quick Commerce pressures margins but could drive long-term growth. 5. BABA shares up 1.48%, trading within a 52-week range of $80.06 to $148.43.