来源丨 白鲸出海（ID：baijingapp） 以下文章来源于白鲸出海 ，作者白鲸小编 白鲸出海 . 白鲸出海，泛互联网出海服务平台，白鲸专注于具备互联网属性的行业、公司、产品和服务的出海，包括应用、游戏、 电商、区块链、智能手机及硬件、旅游、网络文学、影视、动漫、教育、体育和金融等。 作者丨张凯然 编辑丨殷观晓 图源丨Midjourney 8 月 28 日，a16z 更新了第 5 期全球 Top50 AI 产品榜单，Web 和 App 端的排名分别参考 Similarweb 和 Sensor Tower 2025 年 8 月份的访问量和 MAU 数据。在今年 3 月的第 4 期 a16z 榜单中，我们观察到，无论是 Web 还是 App 端，华人团队的存在感更强了，在本期榜单中，这个趋势持续且更加明显。 | | | | Top Gen AI Consumer Web Products: Newcomers | | | | --- | --- | --- | --- | --- | --- | | 4. | Grok 美国 | 23. & Lovable | 41. replit | | 48. JO | | ...

根据榜单，Web 和 App 端新上榜的产品分别有 11 款和 14 款，其中能够确认来自华人团队的产品分别有 4 款和 8 款，而从开发者的国别来看，无论是 App 还是 Web 端，国内开发者新上榜产品均多于其他国家。 8 月 28 日，a16z 更新了第 5 期全球 Top50 AI 产品榜单，Web 和 App 端的排名分别参考 Similarweb 和 Sensor Tower 2025 年 8 月份的访问量和 MAU 数 据。在今年 3 月的第 4 期 a16z 榜单中，我们观察到，无论是 Web 还是 App 端，华人团队的存在感更强了，在本期榜单中，这个趋势持续且更加明显。 （完整榜单在文末） | | | | Top Gen AI Consumer Web Products: Newcomers | | | --- | --- | --- | --- | --- | | 4. | Grok 美国 | 23. & Lovable 瑞典 | 41. replit 美国 | 48. JO 不明 | | 9. | Quark | 29. Co TurboScribe 美国 | 43. Juicy Ch ...

时隔半年，a16z 发布了第五版「Gen AI 消费级应用 Top 100」榜单。相比于 3 月发布的 第四版榜单 ，一个最为核心的观察是：经过 AI 应用疯狂爆发期之 后， 整个 Gen AI 应用生态系统正在趋于稳定 。 本期榜单中，网页端有 11 款新上榜的应用，相比于第四版榜单有 17 款新上榜的情况，AI 应用的「换血」速度明显放缓。移动端的变化则更为明显一 些，新增了 14 款应用上榜。 | | | | Top Gen AI Consumer Web Products: Newcomers | | | --- | --- | --- | --- | --- | | 4. | Grok | 23. & Lovable | 41. replit | 48. JE | | 9. | Quark | 29. Co TurboScribe | JuicyChat 43. | 50. ourdream.ai | | 20. Qwen3 | | 31. 8, manus | 47. (5 Remaker | | | | | | | Top Gen AI Consumer Mobile App Products: ...

a16z 今天发布了其第 5 版的 Top 100 GenAI Consumer Apps 榜单，又有一些新面孔加入，其中印象最深的是移动端 Top 50 里接近一半的产品是中国团 队开发的。 移动端新增的 14 个新产品里，像 PixVerse、AirBrush、Wink 以及 Gauth 也都来自中国。 其中 PixVerse 我最早在 2023 年有过介绍，创始团队来自字节，当时他们产品刚上线 2 个多月时间，其 ARR 收入就快 250 万美金了《 不到 1 月 100 万 美金 ARR，国人团队正在用 AI 掘金 Global 市场 》，这篇文章里介绍的另外两个产品，也成为当下中国出海最典型的代表。 | 3 . | | Al Gallery | 25. | PixVerse | 42. | MINI | 49 | AirBrush | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 17. | | Wink | 34. | 0 BeautyCam | 43. | Peachy | 50 . | Pl@ntNet | | 22. | ...

Core Insights - Alibaba is entering the smart glasses market with the launch of Quark AI Glasses, powered by its AI models [1][2] - The glasses are set to be released in China by the end of 2025, utilizing Alibaba's Qwen large language model and AI assistant Quark [2] - The move into hardware aims to enhance the distribution of Alibaba's Quark app, which is currently available in China [3] Company Positioning - The Quark AI Glasses represent Alibaba's response to Meta's smart glasses and competition with Xiaomi's recently released AI glasses [4] - Alibaba is positioning itself as a leader in China's AI sector, actively developing models that rival Western companies like OpenAI [2][4] - The company views wearables, particularly smart glasses, as a significant growth area in the computing landscape [3]

Core Insights - Alibaba's shares declined by 4% in premarket trading after missing earnings expectations for its fiscal fourth quarter, with revenue up 7% year-on-year but below analyst estimates [1][6] Financial Performance - Revenue for the fiscal fourth quarter was 236.5 billion Chinese yuan ($32.6 billion), slightly below the expected 237.2 billion yuan [6] - Net income was reported at 12.4 billion yuan, significantly lower than the expected 24.7 billion yuan [6] Market Conditions - Investors are concerned about the impact of macroeconomic volatility on consumer sentiment in China, particularly due to the ongoing trade tensions between Washington and Beijing [2] - Recent agreements to suspend most tariffs on goods between the U.S. and China may influence market conditions [2] Strategic Initiatives - Alibaba has extended its partnership with Rednote (Xiaohongshu) to enhance shopping experiences on its Tmall and Taobao platforms by embedding product links in posts [3] - The company is focusing on advancements in artificial intelligence, launching the Qwen 3 large language model to power its AI assistant Quark [4] Competitive Landscape - The AI sector in China is highly competitive, with notable investments from other tech giants like Tencent, which reported a 91% year-on-year increase in capital expenditures driven by AI investments [4]

Alibaba released the next generation of its open-sourced large language models, Qwen3, on Tuesday — and experts are calling it yet another breakthrough in China's booming open-source artificial intelligence space. In a blog post, the Chinese tech giant said Qwen3 promises improvements in reasoning, instruction following, tool usage and multilingual tasks, rivaling other top-tier models such as DeepSeek's R1 in several industry benchmarks. Qwen3 is Alibaba's debut into so-called "hybrid reasoning models," wh ...

Investment Rating - The report assigns a 12-month rating of "Buy" for Alibaba Group with a price target of US$176.00, up from a prior target of US$160.00 [5][10][31]. Core Insights - The management of Alibaba Group identifies capacity as a key constraint on growth, with a focus on monetizing AI capabilities primarily on the B2B side. The company is leveraging its QWen model for MaaS and has integrated LLM into various products [3][4]. - The report highlights strong growth potential in the cloud sector driven by digitalization in Chinese enterprises and SMEs, with expectations of margin improvements in the long term [3][10]. - The Taobao Tmall Group (TTG) is expected to benefit from a new software service fee and improved marketing tools, with a focus on user acquisition and enhancing customer experience [4][10]. Financial Metrics - Revenue projections show growth from Rmb941.17 billion in FY24 to Rmb970.25 billion in FY25, with net earnings expected to rise from Rmb158.36 billion to Rmb160.42 billion in the same period [7]. - The report anticipates a diluted EPS increase from Rmb62.23 in FY24 to Rmb67.18 in FY25, with a projected CAGR of 12% [7][10]. - The company's market capitalization is noted at US$331 billion, with a free float of 97% and an average daily trading volume of 3,609,000 shares [5][7]. Valuation and Returns - The report employs a sum-of-the-parts (SOTP) valuation method, projecting a target price of US$176, reflecting an improved outlook for TTG and cloud growth potential [10][12]. - Forecasted returns include a price appreciation of 24.7% and a dividend yield of 1.2%, leading to an expected total stock return of 26.0% [12][10].