Alibaba-W Jumps Nearly 2%, Launches New Member System to Integrate Resources Across Alibaba Ecosystem!

Alibaba-W (09988) saw its stock price rise 1.82% in the morning, currently trading at HK$118.10, with a turnover of HK$48.90 billion.

On August 6th, Taobao officially launched a new member system, integrating resources from Alipay, Ele.me, and Hema, including shopping, takeout, travel, and transportation benefits, covering all aspects of life. The upgraded VIP user benefits for 88VIP users are expected to be rolled out soon. This strategic business move marks Alibaba's transition from e-commerce to a comprehensive consumer platform.

Windforce Securities expects Alibaba's revenue to grow steadily in the first quarter of 2026, with profits potentially influenced by flash sale subsidies. In terms of overseas tech giants' capital expenditures exceeding expectations, AI demand remains strong, and cloud services are expected to maintain high growth rates this quarter. East Asia Securities also predicts that Alibaba's adjusted EBITA will grow by 13% year-on-year in 2026, with cloud revenue expected to increase by 23%, believing investors will focus on whether the group will continue to scale up investments to support the growing demand for AI computing power.