--- title: "Understanding the Market | Alibaba-W rebounds over 4% as Taobao and Tmall \"Double 11\" kicks off tonight; Goldman Sachs recently raised its revenue forecast for Alibaba Cloud" type: "News" locale: "en" url: "https://longbridge.com/en/news/261190195.md" description: "Alibaba-W rebounded over 4%, as of the time of writing, up 4.05%, reported at HKD 161.9, with a transaction volume of HKD 13.919 billion. In terms of news, recently, Taobao announced the schedule for the \"Double 11\" event, which will kick off at 8 PM on October 15 and last until November 11. Compared to previous years, this year's \"Double 11\" not only has a longer duration, but Taobao has also introduced pre-sales, discounts, red envelopes, and direct price reductions on available stock. Tmall's Double 11 will officially start at 8 PM tonight. Information released by Tmall indicates that this year, Tmall's Double 11 will offer a base discount of 15% off, plus an additional 10% consumption coupon, industry category coupons, shopping credits, and more. In addition, Goldman Sachs recently raised its forecast for Alibaba's capital expenditure over the next three years significantly to RMB 460 billion, the highest among market predictions. The bank pointed out that with breakthroughs in AI models and diversified support for chip supply, Goldman Sachs raised its forecast for Alibaba's cloud revenue year-on-year growth rates for the next three quarters to 31%, 38%, and 37%. Goldman Sachs noted that although Alibaba's recent profits have declined due to investments or losses in instant e-commerce, the market should focus on the initial profitability shift of the Taobao and Tmall platforms and the growth potential of international cloud services, believing that the stock price correction presents a buying opportunity" datetime: "2025-10-15T07:01:02.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/261190195.md) - [en](https://longbridge.com/en/news/261190195.md) - [zh-HK](https://longbridge.com/zh-HK/news/261190195.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/261190195.md) | [繁體中文](https://longbridge.com/zh-HK/news/261190195.md) # Understanding the Market | Alibaba-W rebounds over 4% as Taobao and Tmall "Double 11" kicks off tonight; Goldman Sachs recently raised its revenue forecast for Alibaba Cloud According to Zhitong Finance APP, Alibaba-W (09988) rebounded over 4%, rising 4.05% to HKD 161.9 as of the time of writing, with a transaction volume of HKD 13.919 billion. In terms of news, recently, Taobao announced the schedule for the "Double 11" event, which will start at 8 PM on October 15 and last until November 11. Compared to previous years, this year's "Double 11" not only has a longer duration, but Taobao has also introduced various promotions such as pre-sales, discounts, red envelopes, and direct price reductions on in-stock items. Tmall's Double 11 will officially kick off at 8 PM tonight. Information released by Tmall indicates that this year, Tmall's Double 11 will offer a basic 15% discount, along with additional 10% consumption vouchers, industry category vouchers, and shopping credits. In addition, Goldman Sachs recently raised its forecast for Alibaba's capital expenditures over the next three years to RMB 460 billion, significantly higher than market predictions. The bank pointed out that with breakthroughs in AI models and diversified chip supply support, it has raised Alibaba's year-on-year growth rate for cloud revenue in the next three quarters to 31%, 38%, and 37%. Goldman Sachs noted that although Alibaba's recent profits have declined due to investments or losses in instant e-commerce, the market should focus on the initial profitability shift of the Taobao and Tmall platforms and the growth potential of international cloud services, believing that the stock price correction presents a buying opportunity ### Related Stocks - [Alibaba Group Holding Limited (BABA.US)](https://longbridge.com/en/quote/BABA.US.md) - [BABA-W (09988.HK)](https://longbridge.com/en/quote/09988.HK.md) - [The Goldman Sachs Group, Inc. 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