Ge Long Hui·2025-12-27 20:05Core Viewpoint - Alibaba is continuously enhancing its multimodal model capabilities, launching advanced video and image generation models, and aiming to establish a new AI operating system through its DingTalk platform [1][2]. Group 1: Multimodal Model Developments - Alibaba released the new video generation model "Wanshang 2.6" on December 16, achieving a domestic record of 15 seconds for single video length, with added features for role-playing and scene control [1]. - The new image generation model "Qwen-Image-Layered" allows images to be decomposed into multiple layers, enabling high-fidelity editing capabilities such as scaling, moving, and recoloring [1][2]. - The company has developed a comprehensive range of visual creation capabilities, including text-to-image, image editing, text-to-video, and general video editing, which are expected to be widely applied in AI comic, advertising design, and short video creation [2]. Group 2: DingTalk AI Ecosystem - DingTalk held an AI product launch and ecosystem conference on December 23, introducing over 20 AI products, including the Agent OS and DingTalk Real device [2]. - The Agent device "DingTalk Real" facilitates secure access to internal systems and real-time data acquisition, supporting AI agents in making decisions based on real-time data [2]. - The Agent OS is designed to standardize the construction, deployment, and interaction of AI agents, while the "Wukong" feature allows for complex operational processes to be triggered and executed through dialogue [2]. Group 3: Financial Projections - The company is projected to achieve revenues of 1.03 trillion, 1.12 trillion, and 1.24 trillion yuan for FY2026-FY2028, with adjusted net profits of 116 billion, 148 billion, and 179 billion yuan respectively [3]. - The company maintains a "buy" rating due to the continuous enhancement of its AI multimodal capabilities and sustained high revenue growth in its B2B cloud business [3].