BOCI: Lowers Alibaba-W (09988.HK) target price to HK$166, maintains "Buy" rating.

Zhito Finance APP has learned that BOCI has issued a research report maintaining its "Buy" rating on Alibaba-W (09988.HK), but lowering its target price from HK$195 to HK$166. Alibaba fully showcased its end-to-end full-stack AI capabilities at last week's Yunqi Conference, with the goal of operating more than 20GW of global data center capacity by 2032.