Alibaba just reminded the market that Chinese e-commerce and AI are very much alive.

In this episode, we break down Alibaba’s latest earnings beat. Revenue came in ahead of expectations, driven by booming one-hour “instant retail” and fast-growing cloud and AI services, even though profit took a hit from heavy investment and price wars in delivery.

We use this as a read-through for which U.S. listed names could benefit, and which ones might feel the squeeze.

Winners (long ideas)

China e-commerce and discount platforms

Reason: Alibaba’s revenue beat and strong instant retail demand support the idea that Chinese online shopping and discount-driven commerce still have legs, lifting sentiment across U.S. listed China tech.

Names: $BABA $PDD

AI chips and data centre hardware