0333 GMT - Alibaba's e-commerce business monetization is likely to continue to improve in 2026, according to Citi analysts in a research note, after the e-commerce giant released results for the March quarter. Monetization will be supported by software fees and merchants' adoption of digital marketing tool Quanzhantui, the analysts say. Still, the misses for net profit, international commerce and logistic revenue expectations may combine to form a negative result takeaway, the analysts note. Citi analysts keep a buy rating, with a target price at HK$165.00, adding that they view Alibaba "as a proxy to China AI and macro rebound". Shares are down 5.0% at HK$122.50. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
May 15, 2025 23:33 ET (03:33 GMT)
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