Overview
- Alibaba rose as much as 11% on Monday to $167.52 and closed up 10.17% at $166.31, tracking Chinese market gains as the yuan appreciated against the dollar.
- Morgan Stanley lowered its price target to $180 and Jefferies to $225 on January 8, with both firms maintaining bullish ratings on the stock.
- Morgan Stanley flagged weakening core e-commerce due to softer consumption, while Jefferies highlighted progress in Quick Commerce and accelerating cloud revenue supported by AI demand.
- Alibaba Cloud reported that downloads of its Qwen AI models surpassed 700 million on the Hugging Face platform as of January 2026.
- Bloomberg reported that Alibaba plans to add an Amap feature that renders 3D restaurant interiors from uploaded media, with an anonymous source saying select businesses could receive a limited free trial.