US Stock Market Move | Alibaba Group Holding Limited Sponsored ADR (BABA.US) rose more than 2% in pre-market trading. Qianwen App officially started its public beta testing, fully benchmarking ChatGPT.

On Monday, Alibaba Group Holding Limited Sponsored ADR (BABA.US) rose by over 2% in pre-market trading, reaching $157.73. In terms of news, Alibaba Group Holding Limited Sponsored ADR officially announced the "Qianwen" project on November 17th, aiming to fully enter the AI market. The Qianwen APP has now officially started public testing today, available for free to everyone. According to official information, the Qianwen APP is a personal AI assistant developed based on Alibaba Group Holding Limited Sponsored ADR's self-developed Qianwen Qwen model, directly competing with ChatGPT. This marks Alibaba Group Holding Limited Sponsored ADR's entry into the global AI application top competition. In terms of product functionality, the Qianwen APP demonstrates multi-scenario service capabilities: in professional fields, it can quickly process research reports and extract key points from papers; in daily life scenarios, it can provide health consultations, object recognition through photos, and other services. Its feature lies in its ability to transform AI capabilities into concrete problem-solving solutions. According to Alibaba Group Holding Limited Sponsored ADR, the company also plans to gradually integrate map, takeout, ticket booking, and other ecosystem services into the Qianwen APP, aiming to create a unified AI service portal. This layout demonstrates Alibaba's strategic intent to extend its technological advantage to the consumer market and fully focus on "AI to C." Currently, the Qianwen APP has begun public testing, available on major app stores in China and providing web and PC versions. It is understood that in the future, an international version of the Qianwen APP will also be launched globally.