0542 GMT - Alibaba will benefit from China's e-commerce industry growth and economies of scale, OCBC analysts write in a note. The company has industry-leading investments in research and development to facilitate cross-selling and targeting. Therefore, there should be room for customer management growth, they say. The company also runs the industry leading B2B and cloud services, which could further support its earnings, they add. The recent partnership announcement between Alibaba and Apple on introducing AI features to iPhone 16 series and subsequent models in China is an endorsement of Alibaba's AI models and technology capabilities, they say. OCBC maintains a buy rating for Alibaba's ADR at a fair value of $140.90. The ADRs last closed at $126.90. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
February 19, 2025 00:42 ET (05:42 GMT)
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