智通财经网·2025-10-15 07:02Core Viewpoint - Alibaba's stock rebounded over 4% following the announcement of its "Double 11" shopping festival and an upgrade in capital expenditure forecasts by Goldman Sachs [1] Group 1: Alibaba's Stock Performance - Alibaba's stock (09988) increased by 4.05%, reaching HKD 161.9, with a trading volume of HKD 13.919 billion [1] Group 2: Double 11 Shopping Festival - The "Double 11" event on Taobao will start on October 15 at 8 PM and run until November 11, featuring a longer duration and various promotional strategies such as pre-sales, discounts, and cash vouchers [1] - Tmall's "Double 11" will officially commence at 8 PM, offering an 85% discount along with additional 10% coupons and shopping credits [1] Group 3: Goldman Sachs Forecast - Goldman Sachs raised Alibaba's capital expenditure forecast for the next three years to HKD 460 billion, the highest in market predictions [1] - The firm also increased its year-on-year growth rate estimates for Alibaba's cloud revenue for the next three quarters to 31%, 38%, and 37% respectively [1] - Despite recent profit declines due to investments in instant e-commerce, Goldman Sachs suggests that the market should focus on the initial profitability shift of Taobao and Tmall platforms and the growth potential in international cloud services, viewing the stock price dip as a buying opportunity [1]