Xin Lang Cai Jing·2026-01-12 03:52Core Viewpoint - Alibaba's stock price increased by 4.71% to HKD 153.40, with a trading volume of HKD 13.373 billion, following the announcement of a market competition investigation in the food delivery platform sector by the State Council's Anti-Monopoly and Anti-Unfair Competition Committee [1][5]. Group 1: Market Investigation - The State Council's Anti-Monopoly and Anti-Unfair Competition Committee announced an investigation and assessment of the market competition status in the food delivery platform service industry on January 9 [1][5]. - Taobao Flash Purchase announced its commitment to cooperate with the investigation and to strictly implement compliance responsibilities [1][5]. Group 2: Analyst Ratings and Company Strategy - CITIC Securities maintained a "Buy" rating for Alibaba, highlighting the company's increased short-term investments in "consumption + AI" and accelerated development of its cloud business [1][5]. - The company is focusing on AI and international expansion, with a significant investment of HKD 380 billion in infrastructure to enhance its global competitiveness [1][5]. - While the e-commerce sector remains stable, growth is slowing; however, Flash Purchase is narrowing its losses and aims to maintain the top market share [1][5]. - The long-term dual-core driving logic is clear, and the investment pace is controllable, indicating optimism about Alibaba's long-term value [1][5].