Zhi Tong Cai Jing·2025-11-13 06:54Core Viewpoint - Alibaba has secretly launched the "Qianwen" project, developing a personal AI assistant app named Qianwen, which aims to compete directly with ChatGPT, marking a significant move in the global AI application landscape [1] Group 1: Company Developments - Alibaba's stock price rose over 3%, reaching HKD 162.2, with a trading volume of HKD 11.802 billion [1] - The management views the Qianwen project as a critical part of the "future battle of the AI era," leveraging the open-source technology of Qwen to gain a competitive edge [1] - This initiative follows Alibaba's earlier announcement of a HKD 380 billion investment in AI infrastructure, indicating a strategic shift towards consumer-facing AI applications [1] Group 2: Market Strategy - Alibaba has primarily focused on the B2B AI market through Alibaba Cloud, providing model API services across various industries [1] - The management believes the timing is right to enter the consumer AI market with Qianwen, capitalizing on Qwen's strong performance and international influence [1]