Gelonghui, April 8 | Tianfeng Securities published a research report stating that Alibaba recently withdrew Cainiao's IPO application and plans to acquire Cainiao's employees' and minority shareholders' shares for US$3.75 billion. Currently, Alibaba Group owns about 63.7% of Cainiao's fully diluted shares. The bank believes that this will facilitate strategic collaboration between Taotian Group and Ali International Digital Commerce Group. The bank said that Ali's revenue for the third quarter of fiscal year 2024 increased by 5% year-on-year, which is basically in line with expectations; adjusted EBITA rose 2% to 52,843 billion yuan, which is also in line with expectations. By the end of March 2027, the share repurchase plan increased by $25 billion. There is still a $35.3 billion repurchase limit for the next three fiscal years. The bank mentioned that based on the company's emphasis on continuing to increase investment to enhance competitiveness, the Group's revenue for the 2024-2026 fiscal year is expected to be approximately $938.2 billion, $1.03 trillion, and 1.13 trillion yuan, respectively, up 8%, 9%, and 10% year-on-year; during the period, net profit was $159.4 billion, $168.3 billion, and $179.5 billion, respectively, up 13%, 6%, and 7% year-on-year. The bank maintains the Group's “buy” rating.