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On January 16th, Alibaba's stock price closed above $170 on the U.S. market. The day before, Alibaba's Qianwen App made headlines by announcing its seamless integration with key components of Alibaba's ecosystem, including Taobao, Alipay, Fliggy, and Amap. This integration introduced over 400 innovative functions, marking a pioneering achievement in the global landscape: the first-ever AI-powered shopping experience. This experience encompasses a wide array of services, from food delivery to online shopping.
Spurred by this groundbreaking news, Alibaba's U.S. stock experienced a four-day upward streak. Similarly, in Hong Kong, Alibaba-W's shares witnessed net purchases by southbound investors for four consecutive days. The result was a remarkable 12.53% surge in the stock price, coupled with a cumulative net buying volume of HK$4.385 billion.
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