Alibaba (BABA) Upgrades Qwen App, Deeply Integrates Ecosystem
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Feature Upgrade: Alibaba's launch of the upgraded Qwen app in Hangzhou allows users to order food and book flights directly, marking a strategic shift towards consumer-facing AI that enhances user experience and strengthens market competitiveness.
- Task Assistant Feature: The newly introduced 'task assistant' feature is currently available only to invited users, further enhancing Qwen's utility and expected to attract more user engagement and loyalty.
- Ecosystem Integration: This update deeply integrates Qwen with Alibaba's ecosystem, including Taobao and Fliggy, not only improving service coherence but also providing users with more convenient lifestyle services, thereby enhancing Alibaba's market position in AI.
- Market Competition: This upgrade represents a significant move by Alibaba in the consumer AI space, aiming to close the gap with domestic competitors like ByteDance and Tencent, indicating the company's focus on future growth potential.
Analyst Views on BABA
Wall Street analysts forecast BABA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BABA is 198.21 USD with a low forecast of 152.00 USD and a high forecast of 240.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
21 Analyst Rating
19 Buy
2 Hold
0 Sell
Strong Buy
Current: 167.010
Low
152.00
Averages
198.21
High
240.00
Current: 167.010
Low
152.00
Averages
198.21
High
240.00
About BABA
Alibaba Group Holding Ltd is an investment holding company mainly engaged in the provision of technology infrastructure and marketing platforms. The Company operates its business through nine segments. The China Commerce Retail segment is engaged in the China commerce retail business. The China Commerce Wholesale segment is mainly engaged in the operation of 1688.com. The Cloud Intelligence segment provides cloud services. The International Commerce Retail segment provides customer management services, sales of goods and logistics services. The International Commerce Wholesale segment is mainly engaged in the operation of Alibaba.com. The Cainiao Represents Logistics Services segment provides fulfilment services. The Local Services segment’s revenue includes platform commissions, logistics services revenue. The Digital Media and Entertainment segment engages in the operation of Youku and Alibaba. The All Others segment is mainly engaged in the Sun Art, Freshippo and other business.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
