智通财经网·2025-10-10 03:30Core Viewpoint - Alibaba-W (09988) is experiencing a decline in stock price, dropping over 3% ahead of its upcoming quarterly earnings report, with a current price of 167.3 HKD and a trading volume of 12.741 billion HKD [1] Financial Performance Summary - The upcoming earnings report is expected to show a 5% year-on-year revenue growth, while adjusted profit is projected to decline by 70% to 11 billion RMB [1] - Cloud business revenue is anticipated to accelerate with a year-on-year growth rate of 30%, and customer management revenue is expected to maintain a growth rate of over 10% [1] Investment and Loss Projections - The adjusted profit decline is attributed to significant investments in AI and instant retail, which are expected to lead to a larger-than-expected drop in profits [1] - The company is projected to incur a loss of 5 billion RMB in the upcoming quarter, a significant increase from a loss of 1.4 billion RMB in the previous quarter, with losses in other business segments expected to remain at similar levels in the coming quarters [1] - For instant retail, losses are forecasted to expand to 35 billion RMB in the next quarter [1]