On November 13, 2025, the decline of Alibaba's stock listed on the Hong Kong Stock Exchange was reduced to a mere 0.2%, having previously plummeted by over 1.8%. Insider sources reveal that Alibaba is covertly initiating the 'Qianwen' project. The company aims to overhaul its flagship AI application, with the goal of going head - to - head with ChatGPT in a full - fledged competition. Moreover, it plans to gradually incorporate 'agentic AI' features into the application.

**Explanation**: - “Hong Kong stock” is changed to “Hong Kong - Listed Stock” to make it clearer that we are talking about stocks traded on the Hong Kong Stock Exchange. - “narrowed to” is replaced with “was reduced to” for a more natural and detailed description of the change in stock value. “Plummeted” is a stronger word than “falling” to emphasize the significant previous drop. - “According to sources” is made more specific as “Insider sources reveal” to give a sense of the reliability and confidentiality of the information. - “secretly launching” is rephrased as “covertly initiating” for a more formal and descriptive tone. “revamp” is kept but the sentence is restructured to make the purpose of the revamp clearer. “fully compete” is changed to “going head - to - head in a full - fledged competition” to add more vividness and detail. “add” is replaced with “incorporate” for a more professional and accurate expression.