HSALIBA@EC2611C (29942.HK) Latest News & Headlines | Longbridge

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Alibaba Plans HK$80 Billion Share Placement to Fund AI Expansion
Tip Ranks·1 hour ago
- Alibaba Group Holding Limited has announced a proposed placing of newly issued ordinary shares targeting aggregate proceeds of HK$ 80 billion. - The company plans to allocate 100 % of the net proceeds to expand and enhance its full-stack AI capabilities and infrastructure. - This capital raise is conducted under its general mandate in compliance with Hong Kong listing rules to extend global leadership in artificial intelligence.
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Alibaba Group Announced Proposed Placing of New Shares in Hong Kong | BABA Stock News
StockTitan·15 hours ago
- Alibaba Group Holding Limited has announced a proposed equity placement of new ordinary shares in Hong Kong with an aggregate placing consideration of HK$ 80 billion. - The company intends to allocate 100 % of the net proceeds from this offering to extend its global AI leadership by investing in full-stack AI capabilities and infrastructure. - The offering targets non-U.S. persons outside the United States and remains subject to market conditions and other closing factors.
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Top 5 HK Stock Gainers/Losers (>100B) (8.21)
Top Gainers&Losers·1 day ago, 03:30 AM
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Huatai Securities Sticks to Its Buy Rating for Alibaba Group Holding Ltd. (9988)
Tip Ranks·1 day ago, 12:36 AM
- Huatai Securities maintained a Buy rating on Alibaba Group Holding Ltd. with a price target of HK$177.20. - The company’s shares closed at HK$123.00, while the broader analyst consensus remains a Strong Buy with a price target of HK$186.26. - DBS also reaffirmed a Buy rating on the stock with a higher price target of HK$205.00.
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Weekly Recap | Alibaba -3.61%, profit miss drags on stock
Weekly Review·1 day ago, 11:37 PM
- Alibaba shares fell 3.61 % to close at 119.34 USD this week, underperforming the S & P 500 by approximately 2.18 percentage points amid heightened trading volume. - The company released its fiscal 2027 first-quarter financial results, highlighting strong AI and cloud revenue growth alongside a 75 % drop in net profit driven by heavy AI capital expenditures. - Forty-one institutional analysts maintained a consensus "Strong Buy" rating with an average target price of 188.90 USD, reflecting divergent views on the return period for AI investments.
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Weekly Recap | BABA-W +0.65%, cloud growth dazzles but profit slides
Weekly Review·1 day ago, 11:29 PM
- Alibaba - W rose by 0.65 % to 123 HKD over the week from August 17 to August 20 , underperforming the Hang Seng Index by 1.54 percentage points. - The company released its quarterly earnings on August 20 , showing that cloud business revenue surged by 45 % year - on - year while quarterly profit plummeted by 75 % due to continuous AI investments. - As many as 29 institutions maintained coverage with a strong buy consensus and an average target price of 179.80 HKD , despite short - term market volatility and divergent views on profit pressure.
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Alibaba Group Holding Ltd. ADR Underperforms Friday When Compared To Competitors
MarketWatch Automated·1 day ago, 04:18 PM
- Alibaba Group Holding Ltd. ADR fell 8.57% to $119.34 on Friday, snapping a five-day winning streak despite a generally favorable market session. - The stock underperformed compared to several key competitors while trading volume reached 32.4 M, eclipsing its 50-day average of 12.4 M. - The recent decline leaves the ADR 38.06% short of its 52-week high of $192.67 achieved on October 2nd.
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BABA stock priced at $125.27 after Q1 FY2027 earnings miss by $0.49. Cloud revenue up by 45%. Reclaiming $131 crucial.
Unusual Whales·1 day ago, 04:08 PM
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Alibaba Group (NYSE:BABA) Shares Down 8.5% on Analyst Downgrade
Market Beat·1 day ago, 04:00 PM
- Alibaba Group Holding Limited experienced an 8.5% share price decline following an analyst price target reduction by Robert W. Baird and a reported 75% plunge in net income to approximately RMB 10.5 billion for the June quarter. - The company faced investor concerns over rising capital expenditures that surged 75% alongside a free-cash-flow outflow of RMB 44.67 billion driven by heavy AI infrastructure investments. - Despite strong AI cloud revenue growth of 45% year over year to about RMB 48.4 billion, insider sales and a developing securities-fraud class action created additional market pressure.
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Alibaba Cloud Revenue Jumps 45%. Is the Profit Plunge and China E-Commerce Slide Cause for Concern?
Motley Fool·1 day ago, 10:51 AM
- Alibaba reported a second-quarter revenue of nearly 269 billion yuan ($40 billion), representing a 9% year-over-year increase, while non-GAAP net income tumbled 38% to 20.7 billion yuan ($3.1 billion). - The profit drop was driven by a 75% surge in capital expenditures to 67.7 billion yuan ($10.1 billion) for AI infrastructure investments and an accounting charge for a 550 million euro ($642 million) EU regulatory fine. - Despite an 8% revenue decline in its domestic e-commerce business to under 111 billion yuan ($16.5 billion), Alibaba's AI and cloud services revenue jumped 45% to 48.4 billion yuan ($7.2 billion).
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HK Stocks: Hang Seng Rallies 1.21% to Reclaim 26,000; Gold Miners Soar, Zhipu and MiniMax Jump Over 10%
Market Pulse·2 days ago, 03:20 AM
- On August 21, Hong Kong stock indices closed higher collectively, with the Hang Seng Index rising 1.21% to 26009.46 points and a total turnover of 2573 billion HKD. - Gold and non-ferrous metal stocks surged across the board driven by rising international gold prices, while AI concept stocks rallied ahead of the Hang Seng index review. - Insurance and software service stocks strengthened on positive financial results, whereas biomedical and new consumer stocks experienced pullbacks.
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DBS Remains a Buy on Alibaba Group Holding Ltd. (9988)
Tip Ranks·2 days ago, 01:25 AM
- DBS analyst Andy Yu maintained a Buy rating on Alibaba Group Holding Ltd. with a price target of HK$ 202.00. - The analyst focuses on the Communication Services sector, covering major stocks such as Tencent Holdings, Baidu, and China Telecom. - Market consensus generally suggests a Strong Buy rating for Alibaba Group Holding Ltd. with an average price target of HK$ 182.97.
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