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<Research>Citi: BABA-W (09988.HK) Top Pick for CN AI Investment; Alibaba Cloud's Full-Stack AI Capabilities Strong
BABA-W (09988.HK)'s Alibaba Cloud possesses vertically integrated full-stack AI capabilities spanning its chip arm T-Head, IaaS, PaaS, and MaaS, Citi said in its report. Togeth...
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<Research>Citi: BABA-W (09988.HK) Top Pick for CN AI Investment; Alibaba Cloud's Full-Stack AI Capabilities Strong
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BABA-W (09988.HK)  0.000 (0.000%)    Short selling $1.31B; Ratio 11.090%   's Alibaba Cloud possesses vertically integrated full-stack AI capabilities spanning its chip arm T-Head, IaaS, PaaS, and MaaS, Citi said in its report. Together with the continued advancement of its Qwen LLM and Model-Scope platform, the broker was optimistic that the company is well positioned in the rapidly expanding token economy and named BABA-W as its top pick for China AI investment.

Citi reiterated its Buy rating on BABA-W, with a TP of HKD204 for Hong Kong stocks and a TP of USD205 for Alibaba Group (BABA.US)      ADR. The broker believed the company's continuously enhancing full-stack AI capabilities will amplify cost synergies and margin expansion.

Related NewsBABA-W 4FQ Non-GAAP Net Profit RMB86M Misses; ADR Slips ~2% Premarket
Citi also raised its cloud revenue forecasts for FY2028-29 and introduced projections for FY2030-31. It expected total capex for FY2026-31 to reach RMB822.9 billion, equivalent to an annual average of about 32% of cloud revenue.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-13 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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