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<Research>Citi: Alibaba (BABA.US) 1FQ CMR Growth Forecast Has Upside Risk YoY; Buy Rating Kept
BABA-W (09988.HK)(BABA.US)'s Tmall President Liu Bo's comments on a 10% growth in GMV during the 618 promotion provided positive guidance for the CMR growth in 1QFY26.Liu d...
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<Research>Citi: Alibaba (BABA.US) 1FQ CMR Growth Forecast Has Upside Risk YoY; Buy Rating Kept
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BABA-W (09988.HK)  +1.900 (+1.686%)    Short selling $514.94M; Ratio 12.153%   (BABA.US)      's Tmall President Liu Bo's comments on a 10% growth in GMV during the 618 promotion provided positive guidance for the CMR growth in 1QFY26.

Liu disclosed a 10% YoY growth in Tmall's net GMV, which was the transaction amount completed and after returns, during the 618 promotion, marking the fastest growth in similar promotional periods over the past three years, the broker cited media reports.

Related NewsG Sachs Lists GMV Growth Forecast CN E-commerce Platforms during 618 Shopping Festival (Table)
The article stated that nationwide trade-in subsidies were one of the driving factors, and the simplified discount marketing strategy also received better market feedback.

The broker maintained a Buy rating on Alibaba ADR.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-25 12:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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