Shares in New York-listed Alibaba rose 2.76 per cent on Tuesday after Morgan Stanley raised its target price for the world’s biggest e-commerce company. Photo: Reuters

AliCloud’s revenue to hit US$8.72 billion by 2020, says Morgan Stanley

Alibaba subsidiary to close gap on market leader Amazon Web Services, and become a key growth driver for its e-commerce parent

Topic |   Alibaba

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Shares in New York-listed Alibaba rose 2.76 per cent on Tuesday after Morgan Stanley raised its target price for the world’s biggest e-commerce company. Photo: Reuters
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