Alibaba Group Holding Ltd ADR

BABA: XNYS (USA)

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Alibaba: State-Led Data Center Could Reduce Cloud Revenue; Fair Value Estimate Cut by 7%

Chelsey Tam

Jul 6, 2026

Alibaba shares fell 27% over the last month on three developments: an unconfirmed report of a CNY 2 trillion state-led data center buildout in China, US legislative threats penalizing Chinese AI model distillation, and a Pentagon blacklist designating it a "Chinese military company."

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Alibaba Group Holding Ltd ADR

Alibaba: State-Led Data Center Could Reduce Cloud Revenue; Fair Value Estimate Cut by 7%

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