HK Stock Market Move | BABA-W (09988) rises by over 3% again, will announce the latest quarterly performance today. The download volume of Qianwen exceeded 10 million in a week.

BABA-W(09988) rose more than 3%, rising 3.04% as of press time to 159.2 Hong Kong dollars, with a turnover of 6.882 billion Hong Kong dollars. On the news front, Alibaba's WeChat public account posted a message yesterday stating that after a week of public testing, the downloads of the Qianwen APP exceeded 10 million. It is reported that this application has surpassed ChatGPT, Sora, and DeepSeek, becoming the fastest-growing AI application in history. Orient believes that with the improvement of the AI application layout, Alibaba's full-stack AI advantage will strengthen, and the Qianwen APP can empower other group life services in both directions, achieving traffic sharing and accelerating revenue growth. It is worth noting that Alibaba will announce its performance for the three and six months ending September 30, 2025 today.