Alibaba rose more than 5%, rumored to make significant revisions to the Tongyi model

AASTOCKS
2025.11.13 06:52

According to sources cited by Bloomberg, Alibaba (09988.HK) is preparing to make significant revisions to the Tongyi model application in the coming months to bring its functionality closer to OpenAI's ChatGPT. Stimulated by the news, Alibaba's stock price rose, currently reported at HKD 165.5, up 5.55%, with a trading volume of 96.0661 million shares, involving HKD 15.138 billion.

It is reported that Alibaba plans to first update the existing Tongyi application on iOS and Android platforms, renaming it to Qwen, and will gradually add AI agent features across multiple platforms, including Taobao, in the coming months to enhance the shopping experience.

Sources say that Alibaba's ultimate goal is to develop Qwen into a fully functional AI agent and plans to launch an overseas version. In the past few months, Alibaba has invested over 100 internal developers in the transformation of Qwen

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