US Stock Market Move | Alibaba Group Holding Limited Sponsored ADR (BABA.US) rose more than 2% in pre-market trading, with over a billion monthly active users on Alibaba's platform. Tomorrow will see a major update.

On Wednesday, Alibaba Group Holding Limited Sponsored ADR (BABA.US) rose more than 2% in pre-market trading, reaching $171.31. According to reports, after being online for two months, the monthly active users (MAU) of Alibaba's Qianwen C-end have exceeded 100 million, with rapid growth among students and white-collar workers. Several industry insiders revealed that several competing traffic platforms had previously imposed restrictions on the Qianwen APP. It is reported that Alibaba's Qianwen will hold a Qianwen APP launch event on January 15th at 10:00. According to the latest data from the world's largest AI open-source community, Hugging Face, Alibaba's Qianwen large model has seen explosive growth. Since surpassing Meta in the second half of 2025, the cumulative download volume of Alibaba's Qianwen has reached 700 million. Alibaba's Qianwen's growth is among the most rapid in the top 10 open-source models worldwide, and it is currently the most widely used open-source model by developers globally.