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On October 21, 2025, Alibaba's Hong Kong - listed stock experienced a notable uptick, with its price soaring by 4.2% at one stage. Prior to this, news emerged that Alibaba was in the process of developing an AI - centric business venture dubbed 'Plan C'. This new initiative is poised to potentially challenge ByteDance's product lineup.
According to reports, 'Plan C' has been in the works for an extended period. The project is spearheaded by the core team of Ali Quark, with significant contributions from several seasoned members of the Tongyi Lab. Their collective efforts are concentrated on the realm of conversational AI applications.
It's anticipated that Ali Quark will roll out its inaugural product in the near future. However, when approached for comments, Alibaba chose not to provide an immediate response.
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