BABA-W (09988.HK) -5.500 (-3.198%) Short selling $4.10B; Ratio 15.912% (BABA.US) is experiencing multiple catalysts in its cloud business, making its outlook clearer, HSBC Global Research issued a research report saying. The Company planned to accelerate its investment in AI infrastructure, further increasing its initial commitment of RMB380 billion in capital expenditure. Related NewsSoochow Securities Lists Top 10 HK Stocks w/ Highest Net Buys & Sells by Southbound Funds Last Wk (Table)It is expected that, by 2032, the electricity consumption of Alibaba Cloud's global data centers will increase by 10x from 2022 level, reflecting the Company's more optimistic growth outlook for AI and greater investment. The Company also upgraded its product mix, launching Qwen 3 Max and the multimodal Qwen3-Omni, and enhancing product security.BABA-W's progress in the AI field and its commitment to investment consolidate its leading position in the cloud and AI sectors, with its core e-commerce business also forming a synergistic effect with AI. In the long run, the commission rate is expected to rise. Therefore, the broker reiterated rating at Buy for the Company, with target prices of US$190/ $185 for its US stock/ H-shares.(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.)Related NewsCICC Raises Alibaba Group (BABA.US) TP to US$204, Optimistic About Continued Release of Alibaba Cloud's Commercial Value