Understanding the Market | Alibaba-W fell more than 3% in the afternoon as instant retail competition heats up, the company's short-term flash sales investment increases, and profits may be under pressure
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Alibaba-W's stock price fell more than 3% in the afternoon, reporting HKD 103.3, with a transaction volume of HKD 7.112 billion. JD.com’s delivery service launched the "Double Hundred Plan," while Taobao Flash Sale increased investment to boost daily order volume and user numbers. Goldman Sachs lowered its earnings per share forecast for Alibaba for the fiscal years 2026 to 2028 by 4% to 13%, while raising its revenue forecast by 2% to 4%. Kaiyuan Securities believes that short-term investments will compress profits but is optimistic about long-term ecological synergy
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