Understanding the Market | Alibaba-W surged nearly 6% in the closing hours, with Taobao Flash Sale orders exceeding 100 million in three days. Taobao recently launched a new premium membership system

Zhitong
2025.08.13 07:23
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Alibaba-W rose nearly 6% in the late trading session, and as of the time of writing, it was up 5.75%, priced at HKD 123.3, with a transaction volume of HKD 15.487 billion. According to LatePost, from August 7 to 9, the daily order volume of Taobao Flash Sale exceeded 100 million for three consecutive days. In addition, Taobao recently launched a premium membership system, integrating resources from Ele.me, Fliggy, Hema, Amap, and Cainiao, covering various consumption scenarios for users' dining, entertainment, and daily needs. 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 broader consumption platform strategy. Tianfeng Securities previously stated that it expects Alibaba's revenue to grow steadily in the first quarter of the 2026 fiscal year, while profits may be affected by Flash Sale subsidies. This quarter, capital expenditures from major overseas tech companies exceeded expectations, with strong ongoing demand for AI, and it is anticipated that the company's cloud business will maintain high growth rates this quarter. East Asia Securities also indicated that it expects Alibaba's adjusted EBITA for the first quarter of the 2026 fiscal year to grow by 13% year-on-year, with cloud business continuing to be a growth highlight, and Alibaba Cloud revenue expected to grow by 23% year-on-year

According to Zhitong Finance APP, Alibaba-W (09988) rose nearly 6% in late trading, and as of the time of writing, it is up 5.75%, priced at HKD 123.3, with a transaction volume of HKD 15.487 billion.

In terms of news, according to LatePost, from August 7 to 9, the daily order volume of Taobao Flash Sale exceeded 100 million for three consecutive days. In addition, Taobao recently launched a premium membership system, integrating resources from Ele.me, Fliggy, Hema, Amap, and Cainiao, covering users' consumption scenarios in dining, entertainment, clothing, and daily necessities. This marks a significant business move after Ele.me and Fliggy were merged into the China e-commerce business group, as Alibaba shifts from e-commerce to a large consumer platform strategy.

Tianfeng Securities previously stated that it expects Alibaba's revenue to grow steadily in the first quarter of the 2026 fiscal year, while profits may be affected by flash sale subsidies. This quarter, capital expenditures from overseas tech giants exceeded expectations, with strong ongoing AI demand, and it is anticipated that the company's cloud business will maintain high growth rates this quarter. Dongfang Securities also stated that it expects Alibaba's adjusted EBITA to grow by 13% year-on-year in the first quarter of the 2026 fiscal year, with the cloud business expected to continue being a growth highlight, and Alibaba Cloud revenue is expected to grow by 23% year-on-year

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