According to a report by Goldman Sachs, Alibaba's overall performance is in line with expectations, and the management is optimistic about the prospects for the third quarter. It is expected that CMR growth in the third and fourth quarters will accelerate to 5.4% and 6.2%, higher than the previous 4.6% and 5.7%. Alibaba Cloud's growth has also improved, and Goldman Sachs maintains Alibaba's "buy" rating with a target stock price of HKD 131.