[ET Net News Agency, 11 February 2020] Huatai Research said Alibaba Group's (09988)
announced initiatives to support merchants will deepen its ties with merchants in the long
term, solidify its leadership as a marketplace platform, result in more of its
comprehensive infrastructure being infused with Chinese merchants, and enhance long-term
revenue generation.
In the near term, the research house estimated the waived fees as equivalent to 1.2% of
Alibaba's FY2021 revenue. It maintained its "buy" rating on Alibaba, with an unchanged
target price of US$249 per ADS, or HK$241 per HK-listed share. (KL)