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
