BABA: Top Pick in Chinese E-commerce, Target Price $158!

　Glorious Asset Management July 24th | A research report by Glorious Asset Management indicates that it highly recommends Alibaba Group, believing that rapid e-commerce competition relief and H20 chip supply recovery may enable investors to focus on its AI initiatives again. If successful, Glorious Asset Management expects Alibaba's operations to achieve significant value (e.g., international digital commerce group AIDC), TTG internal collaborative effects, Ant Group, and AI plans). It gives a "buy" rating with a target price of $158.

　Glorious Asset Management also favors Pinduoduo, believing that its domestic growth is stable and that the second half will have a relatively low base (since merchants began to rebound in August 2024), with investors holding light positions. It gives a "buy" rating with a target price of $165. For JD.com, investors may closely watch its investment scale in the food delivery field, which has been cautious, and it gives a "buy" rating with a target price of $50. In China's internet industry, Glorious Asset Management's top pick remains Tencent, giving a "buy" rating with a target price of HK$710.