Chong went on to note that BABA is the "center of the consumption-driven economy and online shopping" in China and that its cloud computing unit has "clear market leadership as the backbone of ...

O n Wednesday, Jefferies analyst Thomas Chong increased the price target for Alibaba (NYSE:BABA) Group Holding Limited (NYSE: BABA) shares to $150.00, up from the previous $144.00, while ...