Sou Hu Cai Jing·2025-09-10 00:12Core Viewpoint - Alibaba's stock price has shown significant movement, closing at HKD 142.3 per share with a daily increase of 3.64%, leading to a market capitalization of approximately HKD 2.71 trillion, driven by its instant retail and cloud computing sectors [1][3]. Group 1: Instant Retail Business - The Taobao Flash Purchase service, launched in April, has demonstrated strong growth, with daily order peaks exceeding 120 million and weekly average daily orders stabilizing around 80 million in August [3]. - The monthly active user count has surged by 300% since April, reaching 300 million, while the average daily active delivery riders have tripled to 2 million [3]. - Alibaba's e-commerce CEO highlighted that the instant retail business has exceeded its initial phase goals, showcasing effective user acquisition and fulfillment capabilities [3]. Group 2: Financial Performance - Alibaba's latest quarterly revenue reached CNY 247.65 billion, reflecting a year-on-year growth of 2% [3]. - The cloud computing segment has shown remarkable performance, with revenue increasing by 26% year-on-year, marking a three-year high [3]. - AI-related product revenue has maintained triple-digit growth for eight consecutive quarters, indicating a strong synergy between cloud computing and artificial intelligence [3]. Group 3: Market Outlook - Haitong International's recent report positively assesses Alibaba's strategic transformation, noting the expanding market share of Ele.me and Taobao Flash Purchase in the instant retail sector [4]. - The report also highlights the accelerating growth of cloud business revenue, affirming the resilience of domestic cloud computing demand [4]. - Based on these insights, the target price for Alibaba's U.S. stock has been raised to USD 167, maintaining an "outperform" rating [4]. Group 4: Market Reactions - As of the report's release, Alibaba has not officially responded to the stock price movements and business developments [5]. - Market analysts suggest that the collaborative growth of the instant retail and cloud computing sectors may become the core driver of Alibaba's next growth phase [5].