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[Institution: Alibaba's AI Labs and Applications Losses May Peak This Quarter] In a research report, Daiwa Securities analyst John Choi pointed out that Alibaba Group may benefit from its AI cloud business. The analyst stated that losses in its AI la

2026-08-21

[Institution: Alibaba's AI Labs and Applications Losses May Peak This Quarter] In a research report, Daiwa Securities analyst John Choi pointed out that Alibaba Group may benefit from its AI cloud business. The analyst stated that losses in its AI labs and applications, as well as losses in all other segments, will peak this quarter. Daiwa Securities estimates that losses in the AI labs and applications will narrow sequentially due to improved model training efficiency, better inference efficiency, and reduced marketing intensity. Daiwa Securities maintained its buy rating and raised its target price for Alibaba ADR from $180 to $185.

Other News
2026-08-21

Canada core retail sales rose 0.5% MoM in June, vs. 0.4% expected; previous +1.2%.

Canada core retail sales rose 0.5% MoM in June, vs. 0.4% expected; previous +1.2%.
2026-08-21

The Australian dollar rose 0.50% against the US dollar on the day, currently trading at 0.7147.

The Australian dollar rose 0.50% against the US dollar on the day, currently trading at 0.7147.
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