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<Research>Citi Foresees Rapid Development of Mainland 'Lobster' Tech to Alter Corporate Growth Models, Rates BABA-W (09988.HK) as Buy
Recommend 27 Positive 47 Negative 15 |
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BABA-W (09988.HK)'s latest launch of the mobile version of OpenClaw "Lobster" JVS Claw aims to streamline the installation process and provide a convenient communication tool that integrates AI smart assistants with a cloud-independent environment, Citi's research report said. This demonstrates the increasingly sour competition in China's AI agent sector. In recent weeks, internet magnates such as TENCENT (00700.HK), BIDU-SW (09888.HK), ByteDance, and Alibaba have been actively promoting "Lobster". Citi believed it suggested a concerted effort within China to advance AI agent technology to a new stage of development. The usage of "Lobster" agents in China has exceled that in the US, further supporting this viewpoint. As previously noted by Citi, the rapid adoption/ development of "Lobster" could immensely accelerate the integration of agent-based AI within Chinese enterprises, potentially altering corporate operations and growth models, and driving broader progress in China's general artificial intelligence. The Buy rating for Alibaba was maintained, with a target price of USD197 for Alibaba (BABA.US) US shares and HKD195 for Alibaba's Hong Kong shares. AASTOCKS Financial News Website: www.aastocks.com |
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