[Alibaba's Hong Kong stocks rose 4% at one point, and Nomura significantly raised its US stock target price by about 27%] According to Jinshi Data on October 10, Alibaba (09988.HK)'s gains expanded to 4% in early trading on Thursday, and it has risen 40.2% so far this year. In its latest report, Nomura Securities said that it raised Alibaba's US stock target price from US$106 to US$135, and expected revenue in the second quarter of fiscal 2025 to be in line with expectations, but earnings may decline. It is predicted that customer management revenue in the second quarter of fiscal 2025 will increase by 3.5% year-on-year, higher than the market expectation of 3.3%, mainly because the total merchandise transaction volume is expected to increase by 7% year-on-year, and merchants will be charged a merchant fee of 0.6% since September. It is predicted that Taotian Group's earnings before interest and taxes (EBITA) will fall by 3.2% year-on-year, a larger decline than the market's expected 2% decline, as Alibaba may continue to invest in its e-commerce ecosystem. (Reprinted from: Jinshi Data)