智通财经网·2025-08-06 03:51Core Viewpoint - Alibaba's stock saw a nearly 3% increase, closing at 118.4 HKD, driven by the launch of a new membership system that integrates various services across its ecosystem [1] Group 1: Membership System Launch - On August 6, Alibaba officially launched a new membership system that connects resources from Ele.me, Fliggy, and Hema, covering a wide range of consumer needs including shopping, food delivery, travel, and more [1] - The 88VIP user benefits will be fully upgraded, marking a significant strategic shift for Alibaba from e-commerce to a comprehensive consumer platform [1] Group 2: Financial Projections - Tianfeng Securities anticipates steady revenue growth for Alibaba in Q1 of the 2026 fiscal year, although profits may be impacted by flash purchase subsidies [1] - East Asia Securities projects a 13% year-on-year growth in adjusted EBITDA for Alibaba in Q1 of the 2026 fiscal year, with cloud business expected to be a key growth driver [1] - Alibaba Cloud revenue is forecasted to grow by 23% year-on-year, with investors likely to focus on the company's capital expenditure to support the increasing demand for cloud computing capabilities [1]