• Investors.com, Wednesday, January 7, 2015 9 AM

Saying the Alipay e-commerce affiliate of Alibaba has extended its first-mover advantage in its strategy to attract mobile shoppers, investment bank JG Capital on Monday maintained an overweight rating on Alibaba stock and it price target of 135. Alibaba, though, was down nearly 3% in early afternoon trading in the stock market today, near 101. Alibaba stock is up 49% since it priced its September IPO at 68. JG Capital's report comes just after Alibaba e-commerce affiliate Ant Financial Services Group announced that shoppers on Alibaba's Tmall.com and Taobao.com marketplaces are able take out month-to-month loans of up to $4,800 using a new payment option called Huabei, or Just Spend.

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