GO
| HSI1 | 25,668.03 | +137.75 | 259.69B |
| HSCEI1 | 8,531.58 | +32.85 | 62.84B |
| Back Zoom + Zoom - Block Traded | |
|
2026-08-07 15:28:24 CICC published a report covering BABA-W (09988.HK), which officially launched its new-generation flagship model Qwen3.8-Max on August 3, and concurrently switched on public beta testing for the enterprise-grade Agent product Qwen Office. In the previous week, overseas hyperscale cloud providers were collectively re-rated following upbeat guidance at their 2Q earnings calls, driving a notable shift in valuation logic for China's domestic cloud sector. The broker said Alibaba Cloud is the only domestic cloud provider simultaneously possessing economies of scale, self-developed chips and top-tier proprietary models, with mid- to short-term earnings likely to beat market expectations. As China's largest cloud provider, Alibaba Cloud has already achieved economies of scale in computing capacity. At the same time, as the country's only full-stack AI system, Alibaba Cloud owns T-Head self-developed chips and the top-tier Qwen models. Joint optimization based on chips, inference platforms and models effectively improves model inference efficiency. The broker was bullish that the trend of accelerating Alibaba Cloud revenue growth and improving margins will continue. ~ AASTOCKS Financial News Website: www.aastocks.com | |