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Hong Kong stocksMarket Updates

Alibaba Group (9988) Stock Poised for Continued Uptrend After Qwen AI App Surge – Technical Buy Analysis (Nov 2025)

Posted on November 25, 2025 at 8:58 am (GMT+8)

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Broker Name: CGS International
Date of Report: November 25, 2025
Excerpt from CGS International report.
Report Summary:

  • Alibaba Group Holding Ltd (9988) is experiencing a continued uptrend, boosted by the rapid adoption of its Qwen AI app, which reached over 10 million downloads following its relaunch—positioning it as a significant competitor to ChatGPT in China.
  • Technical analysis indicates strong bullish signals for Alibaba, including an intact major uptrend, healthy volume expansion, bullish chart patterns, and key support levels, with target prices ranging up to HK\$380.00.

Above is an excerpt from a report by CGS International. Clients of CGS International can be the first to access the full report from the CGS International website : https://www.cgs-cimb.com

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