BABA-W (09988.HK) -5.500 (-3.198%) Short selling $4.10B; Ratio 15.912% (BABA.US) announced its latest strategy at the 2025 Apsara Conference, Citi Research issued a research report saying. The AI-driven intelligent revolution is propelling industries from AGI towards ASI (Artificial SuperIntelligence), CEO Eddie Wu said. LLMs will become the operating systems of the AI era, and AI Cloud will evolve into the next generation of computers.Related NewsNomura: Positive Kunlun Chip News Powers BIDU-SW's RallyAs global demand for AI infrastructure accelerates, BABA-W committed to increasing its global data center capacity by 10x by 2032 to support the upcoming ASI era.Alibaba Cloud, as a leading global full-stack AI service provider, is well-positioned to seize the structural opportunities brought by AI evolution, the broker added. Citi Research believed that this will translate into sustainable revenue growth and margin expansion room for its cloud business.Therefore, Citi Research reiterated rating at Buy on Alibaba Group (BABA.US) , and kept its target price at US$187.Related NewsCiti Elevates BABA-W (09988.HK) TP to $215, Reiterates Rating at BuyBABA-W gained today, and last printed at $174.7, rallying 9.6%, with a turnover of $42 billion.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-09-26 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)