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Alibaba’s 6.18 Shopping Festival Shows Strong Growth, Citi Analyst Bullish on BABA

Alibaba’s 6.18 Shopping Festival Shows Strong Growth, Citi Analyst Bullish on BABA

Author:
Global Cryptocurrency
Published:
2025-06-23 22:18:03
18
2
BTCCSquare news:

Alibaba's 6.18 shopping festival recorded its strongest gross merchandise value (GMV) growth in three years, driven by a 10% year-over-year increase in net GMV on Tmall. Citigroup analyst Alicia Yap reaffirmed her Buy rating on Alibaba stock with a $169 price target, suggesting nearly 50% upside potential.

The national trade-in subsidy program and direct price cuts were key drivers, with subsidy-related product sales surging 115% compared to last year's 11.11 event. Improved user experience and lower return rates further bolstered performance.

|Square

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