Alibaba Group’s fiscal 4Q quick-commerce losses likely narrowed, according to
CGS International analysts.
They estimate revenue in the segment rose about 40%, driven by higher order
volumes, and expect it could turn profitable by FY2029. Meanwhile, cloud revenue
growth likely accelerated on strong demand, though customer-management revenue
may have missed estimates as Alibaba increased merchant rebates.
CGSI trims FY2026–FY2028 EPS forecasts by 0.2%–2.2%, lowers its target price to
HK$175 from HK$180, and maintains an “add” rating.
