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Alibaba emerges from profit trough, UBS estimates rise to 190 yuan
July 9, 2026
Alibaba Emerges from Profit Bottom; UBS Expects Rise to 190 Yuan
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Alibaba (09988), whose share price had been on a sustained decline, reversed its slump yesterday with a 12% surge, pushing its market capitalization back above 2 trillion yuan. In a pre-earnings outlook report, UBS said Alibaba's profit is bottoming out. In the first quarter of its fiscal year (April to June), the earnings outlook for Taobao and Tmall has become clearer, while the loss reduction for its instant retail business "Taobao Flash Sale" is faster than expected. Meanwhile, Alibaba Cloud's growth is expected to accelerate to 45% last quarter, beating expectations. The bank...
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