On November 13, 2025, the Hong Kong stock market witnessed a brief surge in the afternoon trading session, as the three major indices staged a collective upturn. Alibaba's shares, listed on the Hong Kong Stock Exchange, experienced a dramatic rebound, climbing over 2% after a nearly 2% drop in the morning session. According to reports, Alibaba has quietly initiated the 'Qianwen' project. Built upon its most advanced model, Qwen, this project is geared towards developing a personal AI assistant application, also named Qianwen APP. This move positions Qianwen APP to directly challenge ChatGPT in the fiercely competitive global AI application landscape. Alibaba's senior management team regards this endeavor as the 'pivotal battle in the AI era' and aims to secure a competitive advantage through this strategic move. At present, Alibaba has assembled a team of over a hundred engineers to work covertly on the project, with the international version of the Qianwen APP also being developed concurrently.