According to the latest research report issued by CITIC Construction Investment, Alibaba has undergone a thorough business metamorphosis, harnessing the power of its Qwen large-scale model foundation. It is now rapidly erecting ecological barriers on the B-end (business end) through open-source strategies and outstanding model performance. To keep pace with the skyrocketing demand for computing power, Alibaba persists in ramping up its capital investments. This move is propelling a sustained surge in cloud revenue, thereby substantiating the closed-loop rationale of 'infrastructure investment - technological innovation - commercial monetization.' The report underscores five pivotal areas for attention:

• Firstly, entities within the Alibaba ecosystem;
• Secondly, the Pre-AI sector, with a special emphasis on OA (Office Automation) and ERP (Enterprise Resource Planning) domains. Companies like FANWEI NETWORK and KINGDEE INTERNATIONAL are highlighted as promising prospects;
• Thirdly, sectors experiencing swift AI revenue growth in specialized vertical markets, exemplified by HETEROINFO and KINGSOFT OFFICE;
• Fourthly, in the realm of cost reduction and efficiency augmentation, focus should be directed towards AI-coding and multimodal technologies, with WONDERSHARE TECHNOLOGY serving as a noteworthy example;
• Fifthly, the local inference and edge AI sectors are also gaining prominence, with companies such as INSPUR INFORMATION and ARCSOFT being recommended.