Jefferies: BABA Unlocks Synergies, Values after Strategic Goals Established
Eddie Yongming Wu, CEO of $BABA-W (09988.HK)$ and Chairman of Taobao and Tmall Group, takes on the additional role of CEO for Taobao and Tmall Group. This move is expected to enhance synergies and drive AI innovation. Trudy Dai, former CEO of Taobao and Tmall, will aid in establishing Alibaba Group Asset Management Company.
The focus on non-core asset management aims to boost shareholder returns, aligning with Alibaba's three-year strategic goals across various business units. Priorities include user growth, ecosystems, and AI technology for Taobao and Tmall Group. Alibaba Cloud aims to build the most open cloud in the AI era, while Cainiao focuses on enhancing logistics and supporting international business.
Local services plan to leverage location-based services in both To C and To B market segments. Jefferies rates $BABA-W (09988.HK)$ as Buy with a target price of $140.
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兩袖清風 : The favorable news is also to stimulate market warehouse consumption, which is worth looking forward to!