HK Stock Market Move | BABA-W (09988) rose more than 4%, with the download volume of the Qianwen App exceeding 10 million in the first week of public testing.

BABA-W (09988) rose more than 4%, up 3.86% to HK$153.3 as of the time of writing, with a trading volume of HK$6.789 billion. On the news front, according to the Science and Technology Innovation Board Daily, Alibaba's AI assistant Qian Wen App has exceeded 10 million downloads in just one week, surpassing ChatGPT, Sora, and DeepSeek to become the fastest-growing AI application in history. It is reported that on November 17th, Alibaba officially launched its official AI assistant Qian Wen App, clearly targeting ChatGPT5.1. Orient pointed out that Alibaba is increasing its layout of AI applications through the Qian Wen App, with confidence in strengthening Alibaba's full-stack AI advantage after the layout of AI applications is enhanced. The Qian Wen App can also empower other life services of the group bidirectionally, achieve traffic sharing, and accelerate revenue growth. It is optimistic about the multi-directional growth potential of the Qian Wen App within Alibaba's business.