Alibaba's Cloud Revenue May Face Pressure from China's Data Center Buildout

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0851 GMT - China's data center buildout targeting government and state-enterprise AI workloads may reduce the demand for Alibaba's public-sector computing systems, Morningstar analyst Chelsey Tam says. She lowers her forecasts for Alibaba's cloud revenue by 10% annually from fiscal 2030, when the buildout is expected to be complete. Tam also says U.S. legislative threats against the company should pose limited impact given Alibaba's minimal U.S. presence. Morningstar cuts its fair value estimate for Alibaba's ADRs by 7% to $241 but says the valuation remains cheap, adding that concerns over delivery losses and rising AI computing costs are overdone. (jason.chau@wsj.com)

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July 08, 2026 04:51 ET (08:51 GMT)

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She lowers her forecasts for Alibaba's cloud revenue by 10% annually from fiscal 2030, when the buildout is expected to be complete. Tam also says U.S. legislative threats against the company should pose limited impact given Alibaba's minimal U.S. presence. Morningstar cuts its fair value estimate for Alibaba's ADRs by 7% to $241 but says the valuation remains cheap, adding that concerns over delivery losses and rising AI computing costs are overdone. (jason.chau@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 08, 2026 04:51 ET (08:51 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba's Cloud Revenue May Face Pressure from China's Data Center Buildout</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba's Cloud Revenue May Face Pressure from China's Data Center Buildout\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-07-08 16:51</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0851 GMT - China's data center buildout targeting government and state-enterprise AI workloads may reduce the demand for Alibaba's public-sector computing systems, Morningstar analyst Chelsey Tam says. She lowers her forecasts for Alibaba's cloud revenue by 10% annually from fiscal 2030, when the buildout is expected to be complete. Tam also says U.S. legislative threats against the company should pose limited impact given Alibaba's minimal U.S. presence. Morningstar cuts its fair value estimate for Alibaba's ADRs by 7% to $241 but says the valuation remains cheap, adding that concerns over delivery losses and rising AI computing costs are overdone. (jason.chau@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 08, 2026 04:51 ET (08:51 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4554","symbol_name":"元宇宙及AR概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2649961219","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2649961219","pubTimestamp":1783500660,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0851 GMT - China's data center buildout targeting government and state-enterprise AI workloads may reduce the demand for Alibaba's public-sector computing systems, Morningstar analyst Chelsey Tam says. She lowers her forecasts for Alibaba's cloud revenue by 10% annually from fiscal 2030, when the buildout is expected to be complete. Tam also says U.S. legislative threats against the company should pose limited impact given Alibaba's minimal U.S. presence. Morningstar cuts its fair value estimate for Alibaba's ADRs by 7% to $241 but says the valuation remains cheap, adding that concerns over delivery losses and rising AI computing costs are overdone.  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China's data center buildout targeting government and state-enterprise AI workloads may reduce the demand for Alibaba's public-sector computing systems, Morningstar analyst Chelsey Tam says. She lowers her forecasts for Alibaba's cloud revenue by 10% annually from fiscal 2030, when the buildout is expected to be complete. Tam also says U.S. legislative threats against the company should pose limited impact given Alibaba's minimal U.S. presence. Morningstar cuts its fair value estimate for Alibaba's ADRs by 7% to $241 but says the valuation remains cheap, adding that concerns over delivery losses and rising AI computing costs are overdone. (jason.chau@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 08, 2026 04:51 ET (08:51 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}