Weekly Recap | BABA-W +3.21%, Qwen launches omni-modal model
Weekly Review·
- Alibaba - W rose 3.21% this week to close at 109.3 HKD, outperforming the Hang Seng Index by 3.88 percentage points.
- Key events included the advancement of cloud business cooperation with MiniMax and the release of Tongyi Qianwen's native multimodal model.
- Institutional ratings remained strongly positive with a consensus target price of 174.59 HKD, while regulatory investigations and macroeconomic data remain key points to watch.