According to a report from Citi, BABA-W (09988.HK) -3.500 (-2.836%) Short selling $554.84M; Ratio 5.743% 's 4QFY25 customer management revenue (CMR) grew by 12% YoY, while TTG EBITA rose by 8%, exceeding expectations. However, 18%/ 8% YoY growth in its cloud revenue/ cloud profit margin fell short of market expectations even though they were in line with the broker's forecasts.Due to the surge in demand from enterprise customers across various industries, BABA-W's management anticipated cloud service revenue to gradually accelerate in FY26. The broker kept a target price of HKD165 for its H-shares and USD169 for its US shares. It also reiterated the Buy rating, considering the group a representative of China's AI and macroeconomic rebound.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-19 12:25.)Related NewsBABA-W FY2025 NP Ascends 62%+ YoY; CMR Grows 3%