$BABA-W(09988)$  On August 25, according to Hong Kong Stock Exchange filings, Alibaba Group (09988) Chairman Joe Tsai added to his position, buying 720,000 shares of Alibaba's Hong Kong-listed stock at an average price of around HK$113.47 per share. Total consideration came to roughly HK$82 million.

$BABA-W(09988)$ Qwen's latest release is a real shift, especially the smaller models that can be fine-tuned. Running them in-house costs about 10x less, and they hold up well against Anthropic's models. With fine-tuning for specific use cases, they can even pull ahead. I don't really see the case for paying per-token rates at Anthropic or OpenAI when an open-source model that's transparent and far cheaper is available. Running everything in a closed loop in-house also gives you a better security posture.

$BABA-W(09988)$ BABA has been getting a lot of negative press from Barron's, but that might actually make this a good entry point. The cloud computing revenue growth is hard to ignore, and advertising feels like more of a legacy drag at this point.

$BABA-W(09988)$ Total CapEx by U.S. hyperscalers is around $720 bln, while Chinese hyperscalers are at roughly $120 bln. Chinese AI models are still behind U.S. ones, but the gap is closing. Given how the Chinese market works, they won't use U.S. AI models, only domestic ones — that's a national policy. So BABA will keep scaling and benefiting from the huge Chinese market. It's not a "winner takes it all" race.

$BABA-W(09988)$  Interesting reading some of the comments here. People seem to view American companies investing heavily in AI as wise and forward-looking, but when BABA or other Chinese companies do the same, it's suddenly seen as stupid and the stocks as trash. I like patriotism as much as anyone, but investing based on nationalism rather than fundamentals is a very silly approach. Many American AI stocks look extremely expensive by almost any conventional valuation measure, while many Chinese companies, and certainly BABA, appear significantly undervalued. Whatever the rock star of short investing has to say.

$BABA-W(09988)$  Alibaba is testing whether AI agents can run an e-commerce business over a full year. They have introduced MerchantBench, a benchmark that simulates 365 days of operations using over 98,000 real-world product records and 26 tools. The setup evaluates how agents handle pricing, inventory, cash flow, and other business decisions.

$BABA-W(09988)$ Alibaba Cloud is the only domestic cloud provider that has economies of scale, in-house chip development, and a first-tier self-developed large language model all at once. That combination makes its near-to-medium-term financial performance likely to beat market expectations, especially given its position as China's largest cloud vendor.

$BABA-W(09988)$ CICC seems fairly bullish on Alibaba Cloud's revenue growth continuing to pick up, and on the margin improvement trend staying intact.

$BABA-W(09988)$  Hong Kong data centre wholesale pricing for hyperscalers reportedly jumped 90% from the start of 2026, driven by the Chinese AI boom. That kind of move in such a short window is pretty striking.

$BABA-W(09988)$ Alibaba just rolled out Qwen3.8-Max, a 2.4 trillion parameter AI model. The pricing is noticeably lower than what OpenAI and Anthropic charge — $2 per million input tokens and $6 per million output tokens.

$BABA-W(09988)$ The wizard of Wall Street sees BABA rising at the open based on positive comments by Dr. M near the previous close.

$BABA-W(09988)$  It is frustrating how these market makers keep suppressing the price right before the Hang Seng close. Looks like it is back to the usual suppression lever around 128.90-129.20. There are just too many of them involved in this.

$BABA-W(09988)$ When is earnings, anyway? The stock has had a solid month, but it is still miles away from last year's high. It just feels like this could be a banner earnings with a big move up. The catalyst, I think, will be cloud growth, similar to what Amazon did over a decade ago.

$BABA-W(09988)$ The Nasdaq is climbing while BABA is pulling back, just as I expected before the open. That's the kind of setup I was watching for.

$BABA-W(09988)$ BABA's stake in CXMT is now valued at around $25 billion, which works out to roughly 10% of its current market cap. That feels pretty significant.

$BABA-W(09988)$ Saw that Alibaba's 1688 is pushing an AI agent called XiangZao, aimed at C-end custom merchandise. It's currently built into the main 1688 platform. Users can handle the whole process on their own through AI — design creation, finished product preview, getting a quote, and placing the order in one go. Once an order is generated, the system parses it with AI and automatically routes it to the production line, matching things like the factory's materials, processes, and die-cutting setups, so the factory doesn't need to do a second round of processing. That should meaningfully boost production efficiency and cut costs at the same time. Also heard XiangZao might roll out a standalone app later.

$BABA-W(09988)$ On Fast Money back in May, Carter Worth mentioned that KWEB looked like it could be shifting from bearish to bullish. At that time, KWEB was at 29.58. Just thinking out loud here, but I wonder if his timing was just a bit off. KWEB is now at 27.43, so it needs nearly a 10% move just to get back to where it was when he made that call. He was suggesting a target around $33 or higher for KWEB. He's been off for a couple of months now, but maybe this is just setting up for that bearish-to-bullish transition and he was simply a few months early. With China getting some of the news it needs, an expected stimulus that seems necessary, plus the AI developments, these stocks could move higher. Obviously, nobody knows for sure, but I'm

$BABA-W(09988)$ BABA is up around $4, and it's interesting to see how the narrative shifts with every positive move. There's been a series of developments that could be supportive: - The removal (or suspension) from a certain blacklist. - The recent Apple-related news. - Updates on Qwen. - The speculation about China's stance on Anthropic, which, if true, might explain some corporate silence. I haven't seen that confirmed, just noted the chatter. It seems there's a broader push to be competitive in AI, with a focus on long-term positioning rather than short-term cycles. From my perspective, the stock could move significantly higher. A move toward the $130 range seems plausible, but the longer-term potential could be much greater. It's also l

$BABA-W(09988)$  The report highlights several positives for Alibaba from this development. It points to recognition of Qwen's model capabilities, its broad portfolio that serves diverse needs, increased international visibility for Qwen, and Alibaba's strong cloud infrastructure enabling good service and cost-effectiveness. Following the Apple collaboration, adoption and usage of Qwen are expected to grow further, both on-device for simpler tasks and in the cloud for more complex ones.

$BABA-W(09988)$ It's broken through the 115-117 resistance, moving up to the 120-122 range. That zone had been a tough barrier to crack from 2021 until last year. It's a positive sign if it tests that level directly now, without getting hung up on the smaller hurdle around 117 first.