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<Research>HSBC Research: BABA-W (09988.HK) Potential Partnership with Apple May Boost Cloud Income, AI Tech, User Engagement
Recommend 53 Positive 99 Negative 21 |
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BABA-W (09988.HK) (BABA.US) is rumored to be working with Apple (AAPL.US) to provide AI features to Chinese iPhone users, pending regulatory approval. If the partnership materializes, HSBC Global Research issued a research report seeing new revenue source for BABA-W's cloud business in terms of API sales or licensing fees, which not only reflects the Company's recognition, but also helps BABA-W enhance its AI technology capabilities and user engagement. Looking forward to the Apple Developer Conference at the end of March 2025 or the announcement of potential cooperation, HSBC Global Research kept rating at Buy on BABA-W, with a target price of US$128 for BABA-W's US stock and unchanged earnings forecasts. AAStocks Financial News |
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