Alibaba’s Farce of Fortune

Thursday dawned with a twist worthy of a Molière farce: Tiger Securities’ Bo Pei, that shrewd financier, declared Alibaba a “buy,” raising its price target from $145 to $180. One might suppose such alchemy would buoy the stock, yet the irony is thick as the fog of Hangzhou. For lo! this decree followed Alibaba’s grand announcements-new data centers, partnerships with Nvidia, and a deus ex machina of AI ambition. Yet the market, that most rational of audiences, clapped only half-heartedly.








