The company also stands to reap growth in customer management with their continued investment in cross-selling and targeting, states OCBC in a Feb 18 note, where it raises its fair value estimate for this counter to HK$137.0 ($23.59) from HK$123.40.
Alibaba’s partnership with Apple to introduce their AI model, Qwen and their cloud service AliCloud, into Apple’s latest iPhone 16 offering and subsequent models will open them up to “significant AI and cloud-related monetisation opportunities”.
China’s e-commerce giant, Alibaba Group Holding, seems to be looking at greener pastures ahead as it looks to benefit from industry growth and economies of scale.
OCBC Investment Research is of the view that Alibaba shows promising growth with its growing capabilities in artificial intelligence (AI) and presence in cloud computing systems.
