--- title: "Alibaba launches a series of heavyweight AI products, with self-developed chips and flagship models making their debut; the E Fund Artificial Intelligence ETF (159819) underlying index rises over 1%, attracting 200 million in the past 5 days" type: "News" locale: "en" url: "https://longbridge.com/en/news/287145907.md" description: "Alibaba launched its next-generation self-developed AI chip Zhenwu M890 and flagship model Qwen3.7-Max at the annual Yunfeng Conference, showcasing its latest advancements in AI technology. The artificial intelligence ETF E Fund (159819) has attracted over 210 million yuan in the past 5 days, tracking the CSI Artificial Intelligence Theme Index, which has risen 115.58% in the past year. Guohai Securities pointed out that domestic computing power and computing power leasing will become the main suppliers of AI computing power in China" datetime: "2026-05-21T02:21:33.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287145907.md) - [en](https://longbridge.com/en/news/287145907.md) - [zh-HK](https://longbridge.com/zh-HK/news/287145907.md) --- # Alibaba launches a series of heavyweight AI products, with self-developed chips and flagship models making their debut; the E Fund Artificial Intelligence ETF (159819) underlying index rises over 1%, attracting 200 million in the past 5 days As of 9:31, the China Securities Artificial Intelligence Theme Index (930713) rose by 1.02%. Among the weighted stocks, NewEase rose by 0.1%, Zhongji Xuchuang fell by 0.16%, Cambricon fell by 0.18%, Lattice Semiconductor rose by 7.26%, Zhongke Shuguang rose by 1.47%, Hikvision rose by 1.11%, iFlytek rose by 2.02%, OmniVision Technologies rose by 2.75%, Chipone Technology rose by 1.22%, and Runze Technology rose by 0.37%. As of May 20, the China Securities Artificial Intelligence Theme Index has increased by 115.58% over the past year. The Artificial Intelligence ETF E Fund (159819) tracks the China Securities Artificial Intelligence Theme Index and has attracted over 210 million yuan in the past 5 days; as of the previous trading day, the average daily trading volume over the past month was 757 million yuan, ranking first in its category, with active trading and strong liquidity, capable of meeting investors' large transaction needs. In news, Alibaba showcased its AI technology at the annual Yunfeng Conference on Wednesday—launching the next-generation self-developed AI chip Zhenwu M890 and a 128-card super node server, with plans to release the V900 in 2027. It also released the flagship model Qwen3.7-Max, which has the capability of autonomously calling tools a thousand times over 35 hours, ranking first among domestic products in blind tests, fully demonstrating its latest progress in the "chip - cloud - model - reasoning" full-stack system. Guohai Securities believes that the current domestic AI computing power supply mainly comes from three categories: computing power leasing, domestic computing power, and NVIDIA's special supply. With the rapid expansion of computing power leasing, the accelerated maturity of the domestic computing power ecosystem, and the international policy uncertainties facing NVIDIA's special supply, "computing power leasing + domestic computing power," with more predictable delivery certainty, will become the main priority supplier of computing power in China. The reasoning phase has several times the space compared to training, leading to a demand for AI in China far exceeding supply, making computing power delivery the core contradiction in the industry. Among the three forms of domestic AI computing power, "domestic computing power + computing power leasing" will still become the long-term main body of computing power supply and will compete in areas such as super nodes, optical interconnection, and CPUs. The Artificial Intelligence ETF E Fund (159819) adopts a relatively low fee structure in the industry, with a management fee of 0.15% per year and a custody fee of 0.05% per year, significantly lower than similar funds, providing a more attractive cost advantage for long-term holders. The low fee design aligns with the characteristics of ETF investment, helping investors capture the growth dividends of the AI industry at a lower cost. Related products: Artificial Intelligence ETF E Fund (159819), off-market connection (Class A: 012733; Class C: 012734): Core targets in artificial intelligence, bundling leading companies in various segments of AI in one click, with balanced industry distribution. 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