1月15日，千问App宣布全面接入淘宝、支付宝、淘宝闪购、飞猪、高德等阿里生态业务。对此，新京报贝壳财经记者第一时间就外卖、订购 机票等场景进行了测试。 外卖场景：推荐商家，自动提醒凑单 首先是外卖场景。正值早点时间，记者输入"帮我买一套煎饼果子"，千问立刻显示出小字"正在使用淘宝闪购服务"，并在约3秒后弹出了记者 本人在淘宝闪购常用的地址，同时弹出了一个商品卡片，自动匹配了一家早点铺。 ▲千问App下单外卖时的截图 记者注意到，该商品卡片有"下一个"和"选它"两个选项，当记者点击"选它"时，淘宝闪购会开始自动下单，不过触发了该商家"未满店铺起送 费"的设置，对此其贴心提醒可以凑单。由于起送价格太高，记者回拉聊天框，选择"下一个"，找到了更为合适的商家，最终，在开通支付宝 付款后，记者成功在只通过千问App而不打开其他应用的前提下，买到了早点。 记者注意到，当首次使用千问执行上述场景，该应用会弹出相应的授权协议。如淘宝闪购的授权提醒显示，"使用您的手机号查询、绑定淘宝 闪购账号，完成授权后即可使用淘宝闪购收货地址，并由淘宝闪购为您提供商品交易服务。" 而首次使用支付宝付款时，其则提醒"我们会将你的注册手机号/ ...

Core Insights - The AI industry is experiencing significant growth, with notable milestones such as Doubao's daily active users (DAU) surpassing 100 million and Manus being acquired by Meta, indicating a new era following the mobile internet [1][4][10] - Baidu's early investment in AI, led by CEO Li Yanhong, has not translated into sustained competitive advantages as newer players like ByteDance and Alibaba have gained ground [10][22][36] Group 1: Company Developments - Doubao achieved a DAU of over 100 million, marking it as a leading "super application" in the AI space, while Baidu's Wenxin Yiyan has seen a decline in monthly active users (MAU) from nearly 15 million to around 5 million [10][15] - Baidu's AI revenue grew over 50% year-on-year to approximately 10 billion yuan, but this growth is overshadowed by a significant drop in its core online marketing revenue, which fell by 18% to 15.3 billion yuan [31] - Baidu's capital expenditures reached 3.4 billion yuan, primarily for AI infrastructure upgrades, indicating a heavy investment in AI despite the challenges faced [31][28] Group 2: Competitive Landscape - The competitive landscape is intensifying, with Alibaba's Qianwen app achieving over 40 million MAU shortly after its launch, and ByteDance's Doubao leading the market with a strong user base and low marketing costs [11][26] - Both Alibaba and ByteDance have adopted aggressive pricing strategies, with ByteDance initiating a price war that forced Baidu to lower its model prices significantly [22][10] - The shift towards open-source models has seen Alibaba's Tongyi Qianwen downloaded over 700 million times, positioning it as a key player in the AI infrastructure market [25][24] Group 3: Strategic Challenges - Baidu's all-in-one self-research strategy has been criticized as overly ambitious, leading to operational challenges and a loss of market share to competitors [10][22] - The company's focus on revenue and profit over market share during critical growth phases has been identified as a strategic misstep, allowing competitors to gain a foothold [24][10] - Li Yanhong's vision for AI has faced scrutiny as the company struggles to maintain its early advantages, with a growing realization that the AI landscape is rapidly evolving beyond its control [21][22]

Group 1 - The software ETF E Fund (562930) has seen an active trading session with a turnover of 15.53% and a transaction volume of 1.74 billion yuan as of January 15, 2026 [1] - As of January 14, 2026, the latest scale of the software ETF E Fund reached 11.25 billion yuan, with a total share of 10.39 billion, marking a new high in nearly one year [1] - The software ETF E Fund has experienced continuous net inflows over the past three days, with a maximum single-day net inflow of 397 million yuan, totaling 810 million yuan [1] Group 2 - Recent innovations in large language model architecture have been highlighted, with DeepSeek's Engram module significantly improving knowledge storage and retrieval efficiency [2] - Long-term forecasts suggest that AI applications are expected to achieve breakthroughs in both consumer and business sectors by 2026, with a focus on model and industry leader movements [2] - The "Artificial Intelligence + Manufacturing" initiative aims to launch 1,000 industrial intelligent bodies and create 500 typical application scenarios by 2027, promoting AI technology integration into production control and process optimization [2] Group 3 - The software ETF E Fund (562930) closely tracks the CSI Software Service Index, which selects 30 listed companies involved in software development and services to reflect the overall performance of the software service industry [3]

Core Viewpoint - Alibaba has officially announced the full integration of the Qianwen APP with its ecosystem, enabling AI shopping functionalities such as food delivery, shopping, and flight booking, and has opened testing to all users [1][4]. Group 1: Qianwen APP Features and Integration - The Qianwen APP has integrated with various Alibaba services including Taobao, Alipay, and Fliggy, allowing users to perform tasks like ordering food and booking flights seamlessly [1][4]. - Over 400 AI service functions will be launched, enhancing user experience by allowing the AI to perform tasks in the real world [7]. - The app's "Task Assistant" feature is currently in testing and will cover areas such as application development, office work, and daily tasks, with plans for free user access post-testing [7]. Group 2: User Engagement and Growth - Within two months of launch, the Qianwen APP has surpassed 100 million monthly active users [2]. - Alibaba has established a dedicated Qianwen C-end business group, led by Wu Jia, to further develop the app into a super app for the AI era [8]. Group 3: Future Plans and Infrastructure - Alibaba aims to expand the Qianwen APP globally, with plans to integrate various life scenarios such as maps, delivery, and health services [9]. - The company is investing 380 billion yuan in AI infrastructure, with a vision to develop advanced AI capabilities that could lead to superintelligent AI [11].

大华继显分析师在一份报告中称，阿里巴巴2026财年第三财季的业绩可能乏善可陈，不过，随着对竞争 激烈的即时配送领域的投资放缓，利润率应会逐步回升。这些分析师对核心电商业务仍持谨慎乐观态 度，因该业务面临高基数效应和竞争，但他们看好云业务。大华继显预计，季度客户管理收入将同比增 长3.5%，非公认会计准则净利润将下降45%。该券商预测阿里巴巴云业务收入将飙升36%。该券商维持 对阿里巴巴H股的买入评级和206港元的目标价，并指出阿里巴巴仍是中国唯一一家拥有全栈AI能力的 上市公司。 大华继显分析师在一份报告中称，阿里巴巴2026财年第三财季的业绩可能乏善可陈，不过，随着对竞争 激烈的即时配送领域的投资放缓，利润率应会逐步回升。这些分析师对核心电商业务仍持谨慎乐观态 度，因该业务面临高基数效应和竞争，但他们看好云业务。大华继显预计，季度客户管理收入将同比增 长3.5%，非公认会计准则净利润将下降45%。该券商预测阿里巴巴云业务收入将飙升36%。该券商维持 对阿里巴巴H股的买入评级和206港元的目标价，并指出阿里巴巴仍是中国唯一一家拥有全栈AI能力的 上市公司。 责任编辑：王永生 责任编辑：王永生 ...

Core Insights - Qianwen App has integrated with Alibaba's ecosystem, including Taobao, Alipay, and Fliggy, to test AI shopping functionalities, marking a shift from conversational AI to practical task execution [1][2] - The app aims to become the first AI assistant capable of handling complex real-life tasks, with over 400 AI service functions being launched [1][2] Group 1: AI Shopping Functionality - Qianwen App allows users to place orders through voice commands, seamlessly generating orders via Taobao and completing payments through Alipay without switching applications [2] - The app provides personalized shopping recommendations based on user needs and leverages Taobao's extensive product database and review system [2][3] Group 2: Competitive Advantage - Alibaba has outpaced Google in launching multi-category AI shopping capabilities due to its unique "model + ecosystem" integration, contrasting with Google's open alliance approach [3] - The deep integration of Qianwen's model with Alibaba's internal ecosystem effectively addresses challenges related to decision trust and payment processes in AI applications [3] Group 3: Enhanced Model Capabilities - The training of the model focuses on understanding and distinguishing complex marketing information, utilizing Alibaba's unique transaction and service data to ensure objectivity and accuracy in AI shopping [4] - Qianwen App has expanded its services to include 50 public services through Alipay, allowing users to complete tasks like visa applications and household registration inquiries with simple commands [4] Group 4: Cross-Application Collaboration - The app demonstrates strong cross-application capabilities, enabling users to book flights and hotels through Fliggy and plan itineraries with Amap, showcasing its comprehensive service offerings [4] - Recent advancements in Qianwen's model have significantly improved its coding capabilities, multi-modal understanding, and context handling, enhancing its ability to manage complex tasks [4] Group 5: Task Assistant Feature - The "Task Assistant" feature is being tested on both App and Web platforms, designed to handle complex tasks across various scenarios, including report generation and application development [5] - Following the testing phase, this feature will be made available to users for free, further expanding the app's utility [5]

Core Viewpoint - Qianwen App has integrated with Alibaba's ecosystem, enabling AI shopping functionalities that allow users to perform complex tasks in real life, marking a shift from conversational AI to practical assistance [2][4]. Group 1: AI Shopping Functionality - The integration allows users to place orders, make payments, and complete transactions without switching between different applications, showcasing a seamless user experience [4]. - Qianwen App can provide personalized shopping recommendations based on user needs and Alibaba's extensive product database, effectively closing the loop from decision-making to transaction [6]. - Alibaba has become the first technology company globally to offer multi-category AI shopping capabilities, outpacing competitors like Google [6]. Group 2: Technical Integration and Model Training - The success of Qianwen App's AI shopping is attributed to its unique "model + ecosystem" integration, which addresses challenges in decision trust and payment processes [6]. - Training the model to discern and understand complex marketing information is crucial for maintaining objectivity and accuracy in AI shopping [8]. - The app's capabilities extend beyond shopping to include various life services, allowing users to access government services and complete tasks with simple voice commands [8]. Group 3: Cross-Application Collaboration - Qianwen App demonstrates strong cross-application capabilities, enabling users to book flights, hotels, and make dining reservations through integrated services [9]. - Recent advancements in the underlying technology have significantly improved the app's ability to handle complex tasks and understand various forms of input [9]. - The "task assistant" feature is being tested, which supports multi-step planning and complex task execution across different scenarios, with plans for free user access post-testing [9].

面向中國市場的晶片 H20 不同，H200 是該公司 Hopper 架構的衍生版本，亦銷 往美國和其他市場。 攜程(09961.HK) 表示，接到國家市場監管總局通知，依法對公司涉嫌壟斷行為 進行立案調查。公司將積極配合監管部門調查，全面落實監管要求，與行業各 方攜手共建可持續發展的市場環境；目前各項業務均正常運行。 東曜藥業－Ｂ(01875.HK) 、藥明生物(02269.HK) 與藥明合聯(02268.HK) 聯合公 布，藥明合聯(要約人)提出自願要約收購東曜藥業全部股份，每股現金價 4 元， 較股份停牌前收報溢價 60%。連同購股權註銷價，最高代價約 27.9 億元，要約 人擬以內部資源支付。 港股點評 2026年1月15日9:30 a.m 恒指升 151 點，滬指跌 12 點，標普 500 跌 37 點 港股在阿里(09988.HK) 帶動下上升，恒指高開 123 點後升幅擴大，曾升 249 點 一度高見 27,097 點。滬深北交易所中午宣布上調融資保證金比例，恒指午後曾 倒跌 68 點見 26,780 點，全日升 151 點或 0.6%，收 26,999 點；國指升 30 點或 0.3%，收 9, ...

ly 千问APP全面接 阿里巴巴正以前所未有的"创业状态"重塑 AI 竞争格局。 1月15日，千问App宣布全面接入淘宝、支付宝、淘宝闪购、飞猪、高德等阿里生态业务，在全球首次实现点外卖、买东西、订机票等AI购物功能，并向所 有用户开放测试。 千问C端事业群总裁吴嘉表示，此次升级将上线超400项AI办事功能，让千问App成为全球首个能完成真实生活复杂任务的AI助手，带领AI行业从"聊天对 话"迈入"办事时代"。 训 点外卖、买东西、订机票、 支 H FR 35 12/114 C. WET 'a 能 臨 發 在业内看来，这是阿里内部一次"集中力量办大事"的组织力爆发。 让AI干活 吴嘉说，"AI在拥有超强大脑之后，开始长出了能够触达真实世界的手和脚，在生活中实实在在地替用户'干活'。千问是第一个真正能帮你办事的AI，优势 在于'Qwen最强模型'与'阿里最丰富生态'的结合"。 "AI办事时代才刚刚开始一些能力还在探索"，吴嘉豪言，要将千问App打造为最强大的人类AI助手覆盖每一个人。 在发布会上，吴嘉现场演示AI外卖功能，只需给千问App下达一句话指令，"帮我点40杯霸王茶姬的伯牙绝弦"，千问App迅速调用淘宝 ...

Group 1 - The core point of the news is that Qianwen App has fully integrated with Alibaba's ecosystem, enabling AI shopping functionalities such as ordering takeout, purchasing items, and booking flights, and is now open for user testing globally [1][3]. - Alibaba's Vice President, Wu Jia, emphasized that in the AI era, services will be closer to user needs, allowing users to avoid switching between different apps [3]. - Wu Jia stated that the role of AI in the digital world will accelerate, with AI becoming the primary agent for tasks, as demonstrated by the app's ability to fulfill simple requests like ordering milk tea [5]. Group 2 - Qianwen App has achieved over 100 million monthly active users within two months of its launch [13].