BABA-W Expected to Release Open-Source Qwen3.5 Model Tonight on Lunar New Year's Eve
Stock Performance: BABA-W (09988.HK) experienced a decline of 1.287%, with short selling amounting to $1.67 billion and a ratio of 15.431%.
New Model Release: Alibaba is set to open-source its new Qwen3.5 model on Lunar New Year’s Eve, which is expected to represent a significant advancement in its architecture and domestic AI models.
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BABA-W Expected to Release Open-Source Qwen3.5 Model Tonight on Lunar New Year's Eve
Stock Performance: BABA-W (09988.HK) experienced a decline of 1.287%, with short selling amounting to $1.67 billion and a ratio of 15.431%.
New Model Release: Alibaba is set to open-source its new Qwen3.5 model on Lunar New Year’s Eve, which is expected to represent a significant advancement in its architecture and domestic AI models.
Sunmi, a BIOT Solutions Firm, Aims for Hong Kong IPO with Alibaba and Meituan as Shareholders
Company Listing: Shanghai Sunmi Technology, a Mainland Chinese BIoT solutions provider, has successfully cleared the listing hearing for the Hong Kong Stock Exchange.
Product Offerings: The company specializes in smart devices and the BIoTPaaS platform, with significant backing from major shareholders like Ant Group.
Market Position: Sunmi is recognized as the world's largest Android-based BIoT solutions provider, holding over 10% market share and serving more than 70% of the top 50 global food and beverage companies.
Financial Performance: The company reported net profits of RMB160 million, RMB101 million, and RMB181 million for the years 2022 to 2024.
Guangdong Collaborates with Amap to Introduce Enhanced Cultural Tourism Map 2.0
Guangdong Cultural and Tourism Maps: Guangdong Province and BABA-W have launched version 2.0 of their cultural and tourism maps, focusing on creating an intelligent portal for tourism in the region.
Key Innovations: The new version features significant improvements in functional innovation, activity integration, and resource optimization, increasing curated travel routes from 23 to 72.
Wu Jia: Qwen's Free Order Event Sees 15M Actual Orders on First Day, Investment Surpasses RMB3B
Stock Performance: BABA-W (09988.HK) experienced a decline of 1.673%, with short selling amounting to $1.67 billion and a ratio of 15.431%.
Successful Free Order Event: The Qwen App's 'Spring Festival RMB3 Billion Free Order' event surpassed expectations, achieving over 15 million orders on the first day, significantly exceeding the initial estimate of 1 million.
Investment Impact: Due to the high user participation in the free order event, the company's actual investment exceeded the planned RMB3 billion.
AI Integration Vision: Wu Jia, President of Qwen Consumer Business Group, emphasized that the event was designed to integrate AI into everyday life, marking a significant future trend rather than a competitive tactic.
Taobao HK Establishes Partnership with HK Customs to Improve Cross-Border Trade Regulation and Compliance Standards
Taobao Hong Kong Collaboration: Taobao Hong Kong has signed a memorandum of understanding with Hong Kong Customs, becoming the first cross-border e-commerce platform to do so.
Support for Regulatory Environment: The collaboration aims to provide Hong Kong Customs with business insights and recommendations to enhance the regulatory environment for cross-border trade.
US Department of War Updates 'CN Military Companies List' to Add BABA-W, BIDU-SW, and BYD COMPANY
US Department of War Updates List: The US Department of War added several Chinese companies, including Unitree and ROBOSENSE, to its "List of Chinese Military Companies," while removing others like YMTC and CXMT.
Alibaba's Response: Alibaba stated it is not involved in military activities and plans to take legal action against any misrepresentation of its image following its inclusion on the list.
Short Selling Data: The article provides short selling data for various companies, indicating significant short selling ratios for Alibaba, Baidu, BYD, and NIO.
Market Reactions: The updates to the list and the associated short selling activities reflect ongoing tensions and market reactions to US-China relations.
BABA-W Expected to Release Open-Source Qwen3.5 Model Tonight on Lunar New Year's Eve
Stock Performance: BABA-W (09988.HK) experienced a decline of 1.287%, with short selling amounting to $1.67 billion and a ratio of 15.431%.
New Model Release: Alibaba is set to open-source its new Qwen3.5 model on Lunar New Year’s Eve, which is expected to represent a significant advancement in its architecture and domestic AI models.
Sunmi, a BIOT Solutions Firm, Aims for Hong Kong IPO with Alibaba and Meituan as Shareholders
Company Listing: Shanghai Sunmi Technology, a Mainland Chinese BIoT solutions provider, has successfully cleared the listing hearing for the Hong Kong Stock Exchange.
Product Offerings: The company specializes in smart devices and the BIoTPaaS platform, with significant backing from major shareholders like Ant Group.
Market Position: Sunmi is recognized as the world's largest Android-based BIoT solutions provider, holding over 10% market share and serving more than 70% of the top 50 global food and beverage companies.
Financial Performance: The company reported net profits of RMB160 million, RMB101 million, and RMB181 million for the years 2022 to 2024.
Guangdong Collaborates with Amap to Introduce Enhanced Cultural Tourism Map 2.0
Guangdong Cultural and Tourism Maps: Guangdong Province and BABA-W have launched version 2.0 of their cultural and tourism maps, focusing on creating an intelligent portal for tourism in the region.
Key Innovations: The new version features significant improvements in functional innovation, activity integration, and resource optimization, increasing curated travel routes from 23 to 72.
Wu Jia: Qwen's Free Order Event Sees 15M Actual Orders on First Day, Investment Surpasses RMB3B
Stock Performance: BABA-W (09988.HK) experienced a decline of 1.673%, with short selling amounting to $1.67 billion and a ratio of 15.431%.
Successful Free Order Event: The Qwen App's 'Spring Festival RMB3 Billion Free Order' event surpassed expectations, achieving over 15 million orders on the first day, significantly exceeding the initial estimate of 1 million.
Investment Impact: Due to the high user participation in the free order event, the company's actual investment exceeded the planned RMB3 billion.
AI Integration Vision: Wu Jia, President of Qwen Consumer Business Group, emphasized that the event was designed to integrate AI into everyday life, marking a significant future trend rather than a competitive tactic.
Taobao HK Establishes Partnership with HK Customs to Improve Cross-Border Trade Regulation and Compliance Standards
Taobao Hong Kong Collaboration: Taobao Hong Kong has signed a memorandum of understanding with Hong Kong Customs, becoming the first cross-border e-commerce platform to do so.
Support for Regulatory Environment: The collaboration aims to provide Hong Kong Customs with business insights and recommendations to enhance the regulatory environment for cross-border trade.
US Department of War Updates 'CN Military Companies List' to Add BABA-W, BIDU-SW, and BYD COMPANY
US Department of War Updates List: The US Department of War added several Chinese companies, including Unitree and ROBOSENSE, to its "List of Chinese Military Companies," while removing others like YMTC and CXMT.
Alibaba's Response: Alibaba stated it is not involved in military activities and plans to take legal action against any misrepresentation of its image following its inclusion on the list.
Short Selling Data: The article provides short selling data for various companies, indicating significant short selling ratios for Alibaba, Baidu, BYD, and NIO.
Market Reactions: The updates to the list and the associated short selling activities reflect ongoing tensions and market reactions to US-China relations.
