Alibaba raises $5 billion in dual currency bond deal

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Citi Reiterates Buy Rating on Alibaba (BABA)

November 21, 2024 8:24 AM EST

Citi analyst Alicia Yap reiterated a Buy rating and $133.00 price target on Alibaba (NYSE: BABA)

The analyst comments "We are surprised by Alibaba announcement of establishing the Ecommerce Business Group integrating all commerce related platforms including Taobao Tmall Group, International Digital Commerce... More