Core Insights - The A-share software development sector is experiencing a strong rebound, with companies like Geer Software, 360, and Zhizhen Technology hitting the daily limit up, while the ChiNext Software ETF (Hua Xia, 159256) surged over 2% during trading [1] - Alibaba has officially launched its personal AI assistant "Qianwen APP," entering the AI to C market, which is based on the globally leading open-source model Qwen3 [1] - The launch signifies Alibaba's 380 billion yuan investment in AI infrastructure entering the application harvest phase, aiming to create a future AI life portal covering various scenarios such as office work, maps, health, and shopping [1] - The Qianwen APP adopts a free model and leverages the open-source ecosystem advantage of over 600 million downloads of the Qwen series models, positioning itself to compete directly with international products like ChatGPT [1] - In the AI industry chain, the software sector plays a crucial role in both the midstream technology layer and the downstream application layer, providing essential technical support and facilitating the implementation of AI applications [1] Industry Analysis - Guotai Junan Securities analysis indicates that Alibaba's launch of the Qianwen APP aims to accelerate technological iteration through massive C-end user data, fostering a virtuous cycle of "computing power investment - model upgrade - application profitability" [2] - This strategic move is expected to drive sustained growth in the domestic computing power industry chain demand [2]