Alibaba integrates Ele.me and Fliggy into e-commerce business, boosting revenue per user

From Barchart: 2025-06-24 07:18:00

Alibaba’s Hong Kong-listed shares rose 2.1% to HK$113.10 as it integrates Ele.me and Fliggy into its e-commerce business to become a comprehensive consumer super-app, boosting revenue per user and competitive edge against JD.com.

Citi sees this move as a strategic shift that frees up resources for R&D and marketing, enhancing Alibaba’s position in the market with a Buy rating and HK$165 price target.

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