On October 14th, Haitong International released a research report, expecting alibaba's total revenue for the quarter ending in September to increase by 6.5% year-on-year to 239.5 billion yuan, meeting market expectations; the growth of cloud business and alibaba international digital business group (AIDC) is in line with expectations, with AIDC expected to achieve a 28.5% year-on-year growth in the third quarter; and the cooperation with WeChat will bring new users to alibaba. The bank maintains alibaba's 'outperform the market' rating with a target price of $130, indicating that as the mainland industry agent, the company will see short-term inflow of funds.
大行评级｜海通国际：维持阿里“跑赢大市”评级 预计季度收入按年升6.5%符合预期
Top Rating | haitong int'l: Maintains Alibaba's "outperform" rating, expects quarterly revenue to rise by 6.5% year-on-year, in line with expectations.
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