据阿里巴巴视频号消息，阿里巴巴1月15日10点将召开千问APP发布会，见证AI如何"开启办事时代"。 （文章来源：第一财经） ...

Core Insights - Alibaba's Qianwen app has achieved over 100 million monthly active users (MAU) within two months of its launch, showing rapid growth among students and white-collar workers [1][2] - The launch of Qianwen is seen as a strategic shift for Alibaba from B2B services to the C-end user market, marking a significant move into the AI to C market [1] - The app is positioned as a personal AI assistant capable of chatting and performing tasks, with a focus on understanding user needs and solving real problems [2]

Core Insights - The integration of digital economy and physical economy has made Alibaba's platform a crucial space for businesses to expand online channels and enhance brand value [1] - Many enterprises, especially small and medium-sized ones, struggle with independent store operations due to complex platform rules and fierce competition, leading to the rise of professional Alibaba store operation service providers [1] - These service providers act as a bridge between businesses and the platform, utilizing data analysis, visual design, marketing promotion, and supply chain collaboration to reduce trial and error costs and improve operational efficiency [1] Industry Overview - The Alibaba store operation service market is evolving towards specialization, segmentation, and technological advancement, with a focus on professional capabilities that align with the specific needs of businesses [14][15] - Companies are encouraged to assess service providers based on their core competencies, industry characteristics, and strategic goals rather than solely on price or promises [15] Recommended Service Providers - **Guangdong Wanhe E-commerce Co., Ltd.**: Rated five stars with a score of 9.99, this company focuses on providing one-stop e-commerce operation solutions for SMEs, emphasizing data-driven strategies and a strong operational team [4][5] - **Zhongshan Xinggu Information Technology Co., Ltd.**: Also rated five stars with a score of 9.99, this innovative company combines technology development with e-commerce operations, offering intelligent and efficient store management solutions [6][7] - **Shenzhen Huaki Network Technology Co., Ltd.**: Rated five stars with a score of 9.99, this company excels in brand building and integrated marketing, helping clients enhance their professional image and trustworthiness on the Alibaba platform [8][9] - **Hangzhou Guangyun Technology Co., Ltd.**: Rated four stars with a score of 9.8, this leading e-commerce SaaS provider integrates software tools with operational services to address efficiency bottlenecks [9][10] - **Shanghai Baozun E-commerce Co., Ltd.**: Rated four stars with a score of 9.7, this well-known brand e-commerce service partner focuses on multi-channel strategies and supply chain management for domestic and international brands [10][11] - **Zhejiang Haibo Network Technology Co., Ltd.**: Rated four stars with a score of 9.6, this company is known for its solid operational foundation and stable traffic acquisition capabilities, particularly in industrial categories [11][12] - **Beijing Huibo Yuntong Technology Co., Ltd.**: Rated three stars with a score of 9.5, this company combines e-commerce operation services with digital transformation consulting, suitable for medium to large enterprises undergoing digital transitions [13] Selection Guide - Businesses should clarify their core needs when selecting an Alibaba store operation service provider, whether it is for rapid sales growth or brand image enhancement [14] - The choice between service providers like Guangdong Wanhe E-commerce and Zhongshan Xinggu Information Technology should be based on specific operational and technological needs [15]

《科创板日报》记者从多方独家获悉， 上线两个月，千问C端月活跃用户数（MAU）已突破1亿， 在学生和白领人群中增长迅猛。 据多位行业人士透露，几家竞品流量平台此前已对千问APP做出限制。据悉，千问本周四将发布重磅产品迭代。 ...

有分析认为，阿里巴巴近日的持续大涨，除了近期AI概念的整体大涨带动外，或与阿里云收入增长将 在未来几个季度持续加速有关。摩根士丹利近日发布研报预计，阿里云的营收增长将保持强劲势头，同 比增速有望加速至35%以上，不仅高于上一季度的34%，而且未来在2027财年甚至有进一步加速至40% 的潜力。摩根士丹利认为，这一增长趋势强化了阿里巴巴作为"中国最佳AI赋能者"的投资逻辑。 另额外，美银近日也发布的研报称，阿里巴巴仍为中国人工智能的最佳投资目标股份，亦为中国电商股 首选。 投资者关注中国人工智能(AI)技术发展趋势，以及中国在下一代AI范式能否反超美国。港股市场AI巨 头、入选了格隆汇2026年"下注中国"十大核心资产名单的阿里巴巴(9988.HK)今日盘中继续走强，涨幅 扩大至4.4%，报167港元，股价创逾2个月新高。 中金国际近日发布研报表示，阿里巴巴在AI时代展现出战略转型与发展前景，特别是在全栈技术布局 和国内外业务双轮驱动下的增长逻辑。 ...

Core Insights - The launch of the Universal Commerce Protocol (UCP) by Google in collaboration with Shopify, Walmart, Target, Visa, and Stripe marks a significant shift in the e-commerce industry towards a new era of "conversation as transaction" [1][6][11] - Traditional e-commerce giants are facing immediate challenges as the UCP aims to standardize interactions that were previously controlled by centralized platforms [2][4][8] Group 1: UCP Overview and Implications - UCP is not just an API specification; it aims to create a universal language for e-commerce transactions, allowing AI agents to interact seamlessly with merchant systems [6][10] - The protocol threatens centralized e-commerce platforms by reducing the necessity for consumers to visit sites like Amazon or Taobao, as they can interact directly with AI agents [6][8] - UCP redefines human-computer interaction from a graphical interface to an intent-based interface, potentially diminishing the value of traditional platform features like homepage traffic and personalized recommendations [8][11] Group 2: Strategic Responses from Major Players - Amazon's absence from the UCP alliance signals a strategic choice to maintain its closed ecosystem, focusing on internal AI developments and reinforcing its control over its platform [13][14] - In contrast, Alibaba's Ant International actively embraces UCP, leveraging its extensive commercial ecosystem and payment capabilities to support AI-driven business growth [19][21] - The differing strategies highlight a fundamental divergence: Amazon seeks to fortify its existing model, while Alibaba aims to become a foundational infrastructure provider within the new open ecosystem [25][31] Group 3: Future Competitive Landscape - The competition in e-commerce will evolve across three levels: entry points dominated by AI assistants, infrastructure provided by companies like Shopify and Ant International, and the transformation of product information and service capabilities to be AI-friendly [27][28][29] - The UCP's establishment signals a shift from platform-centric competition to a broader contest over who can define the next generation of consumer interactions [29][39] - The future of commerce will require businesses to prepare for AI agents, marking a transition from an "attention economy" to an "intention economy" [40][41]

Core Viewpoint - Alibaba's stock price increased by 4.38% to HKD 166.90, with a trading volume of HKD 15.029 billion, indicating positive market sentiment towards the company following a report from CICC [1] Group 1: Financial Performance - Alibaba Cloud's revenue for Q3 FY26 accelerated year-on-year growth to 36%, with external revenue increasing by 32%, reflecting strong performance in the cloud computing segment [1] - The company's e-commerce CMR growth slowed to 2%, while flash sales EBITA losses narrowed to HKD 24 billion, indicating pressure on overall profitability but a clear strategic investment rhythm [1] Group 2: Strategic Initiatives - CICC highlighted that Alibaba is significantly increasing its capital expenditure budget, focusing on self-developed core hardware and leveraging a global infrastructure network with 29 regions and 92 availability zones for scalable deployment [1] - The forecast for Alibaba Cloud's revenue suggests a compound annual growth rate (CAGR) exceeding 30% over the next three years, driven by ongoing investments in AI infrastructure [1] Group 3: Investment Outlook - CICC maintains a "Buy" rating for Alibaba, emphasizing the long-term growth potential driven by the dual engines of "consumption + AI" [1]

中金发布研报称，阿里云通义系列模型通过开源策略，技术持续于全球领先，集团对此大幅增加资本开 支预算，同时自研核心硬件，配合全球29个地域、92个可用区的基础设施网络，实现算力供给的相对可 控与规模化部署，目前预测未来三年阿里云收入年均复合增长率(CAGR)可望超过30%。 该行续指，阿里云海外业务前景向好，现时服务超过22万家出海企业，并正拓展更多国际企业客户，认 为海外业务有望成为阿里云未来的核心增长动力之一，有较大利润率提升空间，盈利韧性有望超出预 期，合计其利润率可突破15%。 阿里巴巴-W(09988)再涨超3%，截至发稿，涨3.44%，报165.4港元，成交额104.51亿港元。 消息面上，此前2025年云栖大会，阿里云技术团队曾披露阿里云在全新的市场需求下对硬件基础设施进 行的改变。智能集团资深副总裁、公共云业务事业部总裁刘伟光表示，阿里云在提升模型能力以及全栈 AI能力之外，重点布局AI原生市场、中国企业级市场以及剑指全球化。刘伟光强调："我们的目标是拿 下2026年AI云市场增量的百分之八十。" ...

中金发布研报称，阿里云通义系列模型通过开源策略，技术持续于全球领先，集团对此大幅增加资本开 支预算，同时自研核心硬件，配合全球29个地域、92个可用区的基础设施网络，实现算力供给的相对可 控与规模化部署，目前预测未来三年阿里云收入年均复合增长率(CAGR)可望超过30%。 智通财经APP获悉，阿里巴巴-W(09988)再涨超3%，截至发稿，涨3.44%，报165.4港元，成交额104.51 亿港元。 该行续指，阿里云海外业务前景向好，现时服务超过22万家出海企业，并正拓展更多国际企业客户，认 为海外业务有望成为阿里云未来的核心增长动力之一，有较大利润率提升空间，盈利韧性有望超出预 期，合计其利润率可突破15%。 消息面上，此前2025年云栖大会，阿里云技术团队曾披露阿里云在全新的市场需求下对硬件基础设施进 行的改变。智能集团资深副总裁、公共云业务事业部总裁刘伟光表示，阿里云在提升模型能力以及全栈 AI能力之外，重点布局AI原生市场、中国企业级市场以及剑指全球化。刘伟光强调："我们的目标是拿 下2026年AI云市场增量的百分之八十。" ...

Core Viewpoint - The Hong Kong stock market's AI application sector is experiencing a rebound, with notable increases in stock prices for several companies, including Zhixing Technology and Zhipu, which opened over 7% higher [1][5]. Group 1: Stock Performance - Zhixing Technology (01274) saw a price increase of 7.60%, reaching 7.080 [2][6]. - Zhipu (02513) rose by 7.10%, with a current price of 194.700 [2][6]. - MINIMAX (00100) increased by 2.74%, priced at 375.000 [2][6]. - Alibaba (09988) experienced a 2.44% rise, reaching 163.800 [2][6]. - Other companies such as Kuaishou (01024) and Weimeng Group (02013) also saw increases close to 2% [1][5]. Group 2: Technological Developments - Zhipu has collaborated with Huawei to launch a new generation image generation model called GLM-Image, which is the first state-of-the-art multimodal model trained entirely on domestic chips [2][6]. - The model utilizes the Ascend Atlas 800T A2 device and the MindSpore AI framework, completing the entire process from data to training [2][6].