(Hong Kong Comprehensive News) The US Investment Bank Morgan Chase increases about 56.36 million shares of Alibaba, involving about 5.922 billion Hong Kong dollars (about S $ 1 billion), and the shareholding after the increase increases from 7.8%to 8.09%.

The Hong Kong Stock Exchange disclosed on Friday (October 18) that after JP Morgan Chase increased its holdings of Ali stocks, the number of shares reached 1.551 billion, with an average price of HK $ 105.087.

Comprehensive Surging News and Securities Times reported that JPMorgan Chase released the latest research report last week. It is expected that the revenue of the financial report in the second quarter of the fiscal year in fiscal year in fiscal year in fiscal year increased by about 6%to 239.4 billion yuan (RMB, the same below, S $ 44.2 billion)Essence

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Report also predicts that the platform interconnection is expected to bring 20%to 30%incremental users for Taobao, with a total scale of 200 million to 300 million.The report reiterated the "excess configuration" rating of Ali's suggestion to increase positions and increase the target price to $ 125 (S $ 164).

Taotian Group, a subsidiary of Ali, adjusted the platform rules last month, supported WeChat payment, and realized interconnection.

The news about Ali's recent capital market has continued.The Hang Seng Index Company issued a announcement on Monday (14th) that because Ali has been included in the rapid income of Hong Kong stocks and meets the relevant index, Ali will be included in the Hang Seng Hong Kong Stock Connect Index next Friday (25th).

The first financial report released by Alibaba on August 15th shows that the first fiscal quarterly revenue was 243.2 billion yuan, an increase of 4%year -on -year, but the net profit fell 27%year -on -year.