Side by sideAlibaba (9988.HK) and NetEase (9999.HK)Memos of October 12, 2026 and October 14, 2026
Alibaba vs NetEase stock: the numbers side by side (October 2026)
How do Alibaba and NetEase compare?
| Alibaba 9988.HK | NetEase 9999.HK | |
|---|---|---|
| Operating margin | 4.9%Mar 2026 | 31.8%2025 |
| Free cash flow | -50,724RMB millions · Mar 2026 | 48,687.335RMB millions · 2025 |
| Free cash flow yield | -2.8%Today (Oct 12, 2026) | 9.0%Today (Oct 14, 2026) |
| Dividend yield | 1.0%Today (Oct 12, 2026) | 1.5%Today (Oct 14, 2026) |
| P/E, last 12 months | 25.70xToday (Oct 12, 2026) | 16.7xToday (Oct 14, 2026) |
| P/E, next 12 months | 12.07xToday (Oct 12, 2026) | 13.7xToday (Oct 14, 2026) |
| Weighted price forecast, about 1 year | 98.99 (-8 %)October 2027 | 201.36 (+4%)October 2027 |
| Weighted price forecast, about 3 years | 146.52 (+38 %)October 2029 | 223.11 (+21%)October 2029 |
Who leads on what?
| Leads | The lead is | |
|---|---|---|
| Operating margin | NetEase | The higher figure |
| Free cash flow | NetEase | The higher figure |
| Free cash flow yield | NetEase | The higher figure |
| Dividend yield | NetEase | The higher figure |
| P/E, last 12 months | NetEase | The lower figure |
| P/E, next 12 months | Alibaba | The lower figure |
| Weighted price forecast, about 1 year | NetEase | The higher weighted return |
| Weighted price forecast, about 3 years | Alibaba | The higher weighted return |
What does each company do?
Alibaba connects shoppers with merchants through Taobao and Tmall, and serves businesses through cloud, AI and logistics.
Alibaba (9988.HK), from our memo of October 12, 2026 · Alibaba stock forecast
NetEase is a China-centered internet company selling games, music, learning services, and consumer and business services.
NetEase (9999.HK), from our memo of October 14, 2026 · NetEase stock forecast
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