According to Zhitong Finance APP, Alibaba-W (09988) rose more than 4% in early trading, reaching a high of HKD 147.9, a new high since November 2021. As of the time of publication, it is up 1.27%, priced at HKD 143.7, with a transaction volume of HKD 13.737 billion.
In terms of news, Alibaba's Amap announced on September 10 the launch of the world's first user behavior-based ranking list, the &#34;Amap Street Scanning List.&#34; Amap also initiated the &#34;Good Store Support Program,&#34; encouraging users to shop in-store through measures such as issuing over HKD 1 billion in subsidies, hoping to bring an additional 10 million customers daily to offline dining and other service industries. It has been disclosed that Amap covers over 7 million restaurant locations nationwide, with 120 million searches related to life services conducted daily, navigating to 13 million life service destinations.
In addition, Alibaba recently launched the next-generation Qwen3-Max-Preview large model, with a parameter scale exceeding 1 trillion. Jefferies believes that following the industry shock caused by DeepSeek in January 2025, Alibaba's upgrade this time marks the official start of a new cycle for the AI theme. Market focus is shifting towards the industry penetration of intelligent agent-type AI, the commercialization speed of different models, the revenue growth potential of Alibaba Cloud business, and the demand and capital expenditure trends for AI across various industries

BABA

09988

KBAB

BABO

BABX

Alibaba-W's stock price rose more than 4% in the morning session, reaching a new high since November 2021, peaking at HKD 147.9. Amap launched the "Amap Street Scanning Ranking" and initiated the "Good Store Support Program," distributing over 1 billion yuan in subsidies to encourage in-store consumption. Alibaba also launched the new generation Qwen3-Max-Preview large model, marking the entry of the AI theme into a new cycle, with the market focusing on the industry penetration and commercialization progress of intelligent agent-type AI

- Alibaba's stock rose over 4% in early trading, reaching a high of 147.9 HKD, the highest since November 2021.  
- On September 10, Alibaba's Gaode Map launched the world's first user behavior-based ranking list and initiated a support plan to boost offline consumption with over 1 billion HKD in subsidies.  
- Additionally, Alibaba introduced the Qwen3-Max-Preview model, marking a new phase in AI development, with market focus shifting towards AI integration and revenue growth potential in various sectors.

Zhitong

Alibaba

BABA-W

KraneShares 2x Long BABA Daily ETF

YieldMax BABA Option Income Strategy ETF

BABA 2x Long Daily ETF - GraniteShares

Understanding the Market | Alibaba-W rose over 4% in early trading as its subsidiary Amap launched the Amap Street Scanning Ranking and will provide subsidies to encourage in-store consumption