The report mentioned that Alibaba is expected to be included in the Hong Kong Stock Connect after completing its main listing in Hong Kong, which may bring potential net inflows of $15 to 16 billion in September.
According to a research report released by Goldman Sachs, it maintains a "buy" rating on Alibaba-SW (09988) with a target price of HK$105, believing that Alibaba's GMV growth is accelerating again, showing that its growth adjustment and user-centric development strategy are effective, and its strategic focus on Taobao and Tmall as core businesses is progressing smoothly. The company will be listed on both the Hong Kong Stock Exchange and the New York Stock Exchange this Wednesday (28th), and is expected to be included in the Hong Kong Stock Connect in early September after completing its main listing in Hong Kong, which may bring potential net inflows of $15 to 16 billion.