智通财经网·2025-07-03 05:48Group 1 - Alibaba's stock price fell nearly 4%, closing at HKD 105.3 with a trading volume of HKD 10.828 billion [1] - Taobao Flash announced a platform subsidy of HKD 50 billion over the next 12 months, with daily orders exceeding 60 million [1] - The order structure of Taobao Flash has expanded to all categories, with non-tea beverages accounting for 75% of orders [1] Group 2 - Goldman Sachs reported a 16% decline in Alibaba's US stock price over the past month, highlighting investor concerns regarding strategic restructuring and competition in instant retail [2] - Despite strong business momentum, Goldman Sachs lowered its earnings per share forecast for Alibaba for fiscal years 2026 to 2028 by 4% to 13%, while raising revenue forecasts by 2% to 4% [2] - The target price for Alibaba's US stock was reduced from USD 159 to USD 150, and the target price for its H-shares was lowered from HKD 154 to HKD 146 [2]