
Alibaba Cloud Emerges As 'China's Leading GenAI' Provider, Analyst Says

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Alibaba Cloud is recognized as China's leading GenAI provider, with a strong focus on enhancing cloud services and e-commerce capabilities. Analyst Fawne Jiang maintains a Buy rating and raises the price target to $195, noting Alibaba's 26% year-on-year growth in its Cloud segment. Despite missing fiscal first-quarter expectations due to asset divestitures and margin pressures, the company is expected to gain market share and expand its long-term growth potential. Alibaba shares rose 1.48% to $137.00, trading within a 52-week range of $80.06 to $148.43.
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