Understanding the Market | Alibaba-W surged nearly 3% in the morning as Taobao launched a new premium membership system, integrating resources under the Alibaba ecosystem

Zhitong
2025.08.06 03:49
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Alibaba-W surged nearly 3% in the morning, with news reporting a rise of 2.07%, priced at HKD 118.4, with a transaction volume of HKD 4.663 billion. On August 6, Taobao officially launched a new membership system, integrating resources from Ele.me, Fliggy, Hema, and other Alibaba-related platforms, covering rights and interests in shopping, food delivery, travel, and transportation, comprehensively addressing dining, entertainment, clothing, and living needs. The 88VIP user benefits will be fully upgraded. This marks a significant business move after Ele.me and Fliggy were incorporated into the China e-commerce business group, as Alibaba shifts from e-commerce to a large consumer platform strategy. Tianfeng Securities pointed out that Alibaba's revenue is expected to grow steadily in the first quarter of the 2026 fiscal year, while profits may be affected by flash purchase subsidies. This quarter, overseas tech giants' capital expenditures exceeded expectations, and AI demand remains strong, with the company expected to maintain high growth in its cloud business this quarter. Dongfang Securities stated that Alibaba's adjusted EBITA is expected to grow by 13% year-on-year in the first quarter of the 2026 fiscal year, with cloud business continuing to be a growth highlight, and Alibaba Cloud revenue is expected to grow by 23% year-on-year. Investors are expected to focus on whether the group will continue to increase capital expenditures to support the growing demand for cloud computing power

According to Zhitong Finance APP, Alibaba-W (09988) surged nearly 3% in the morning session, with a rise of 2.07%, reported at HKD 118.4, with a transaction volume of HKD 4.663 billion.

In terms of news, on August 6, Taobao officially launched a new membership system, integrating resources from Ele.me, Fliggy, and Hema, covering rights and interests in shopping, takeout, travel, and transportation, comprehensively covering dining, entertainment, and daily necessities. The 88VIP user rights will be fully upgraded. This is a significant business move after Ele.me and Fliggy were merged into the China e-commerce business group, marking Alibaba's strategic shift from e-commerce to a large consumer platform.

Tianfeng Securities pointed out that Alibaba's revenue is expected to grow steadily in the first quarter of fiscal year 2026, while profits may be affected by flash purchase subsidies. This quarter, overseas tech giants' capital expenditures exceeded expectations, and AI demand remains strong. It is expected that the company's cloud business will maintain high growth rates this quarter. Dongfang Securities stated that Alibaba's adjusted EBITA is expected to grow by 13% year-on-year in the first quarter of fiscal year 2026, with the cloud business expected to continue being a growth highlight, and Alibaba Cloud revenue is anticipated to grow by 23% year-on-year. Investors are expected to focus on whether the group will continue to increase capital expenditures to support the growing demand for cloud computing power

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