Lates News

In a research report, Citigroup analysts pointed out that the recent stock price of Alibaba may be supported by various factors. They stated that the recent launch of in-store group buying promotions by Alibaba "coincides with the upcoming peak travel season, which is expected to guide users to visit stores or restaurants for consumption/dining". In addition, investors are also closely watching the Alibaba Cloud's Yunqi Conference later this week, which may have a positive impact on Alibaba. Citigroup has a "buy" rating on Alibaba with a target price of $187 for its American Depository Receipts.