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Credit Suisse initiated an Outperform rating on Alibaba with target price set at US$114. The research house predicted that Alibaba's revenue CAGR for the next three years would be around 37%, mainly driven by factors including new products and service, profitability of business and companies' synergy in its investment portfolio. The broker also believed that Alibaba might enter various aspects of life of the general public, and the investment of new business and Ant Financial would also provide further upside potential for the group. 

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