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Major investors boost stakes in Alibaba amid strong earnings and bullish analyst outlook.
Long Corridor Asset Management and Taikang Asset Management have increased their stakes in Alibaba, while Sei Investments has reduced its holdings. Alibaba's latest earnings report shows an 8% year-over-year revenue growth and strong performance in its Taobao Tmall Group and Cloud Intelligence segments. Despite a recent stock price drop and regulatory challenges, analysts remain bullish on Alibaba, citing its dominant e-commerce position and AI strategy, with a "Buy" rating and a price target of $144.07.
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