Di Yi Cai Jing·2026-01-22 05:00Core Viewpoint - AI has driven the stock prices of Alibaba and other internet giants back into an upward trend over the past year [1][3] Group 1: Stock Performance - Alibaba's Hong Kong stock (9988.HK) closed at 163.9 HKD per share on January 22, up 0.43%, with a total market capitalization exceeding 3.13 trillion HKD, marking a year-on-year price doubling [1] - Alibaba's US stock (BABA.US) closed at 168.67 USD on January 21, up 3.87%, also achieving a year-on-year price doubling from 83.96 USD [3] - Since the beginning of 2026, Alibaba's Hong Kong stock has increased by 14.78%, while its US stock has risen by over 15% [3] Group 2: AI Developments - The Hugging Face community reported that Alibaba's Qianwen derivative models have surpassed 200,000, making it the first open-source large model to achieve this milestone globally [3] - The Qianwen series models have been downloaded over 1 billion times, averaging 1.1 million downloads per day, significantly surpassing Llama [3] - Alibaba's consumer-facing AI application, Qianwen APP, has fully integrated with various Alibaba ecosystem services, contributing to the rise in its US stock price above 170 USD [3] Group 3: Analyst Outlook - JPMorgan recently expressed a positive outlook on Alibaba's trading prospects for the next 6 to 12 months, expecting the stock price to overcome short-term profit pressures [3] - The firm anticipates that Alibaba Cloud's revenue growth will accelerate in the coming quarters as generative AI workloads expand from pilot phases to broader deployments [3] - However, JPMorgan has lowered its target price for Alibaba's US stock from 230 USD to 215 USD and for its Hong Kong stock from 225 HKD to 210 HKD due to increased investments in user acquisition for delivery, instant retail, and generative AI applications [4]