--- type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/37188474.md" description: "I think Xiaomi will replace Alibaba in the second half of the game. After all, when it comes to AI models, their capabilities will eventually converge. Models like Qianwen, Yuanbao, and Doubao will likely become similar in performance, as talent poaching can somewhat bridge the gap.Currently, the focus of AI competition is on large models and computing power, but in the second half, the key will shift to end-user applications. From Doubao phone, we can see ByteDance is eager to integrate models with devices. In contrast, Xiaomi, as the player with the most devices, is in a strong position to win effortlessly.From a business development perspective, Xiaomi has a closed-loop ecosystem covering people, cars, and smart homes, with growing international capabilities and exponential performance growth. On the other hand, Alibaba is losing ground in e-commerce to PDD and in food delivery to Meituan, relying solely on Alibaba Cloud to sustain performance. This is too fragile, and they still have to subsidize loss-making businesses with profits from this segment, making sustainable development hard to guarantee." datetime: "2025-12-17T04:36:55.000Z" locales: - [en](https://longbridge.com/en/topics/37188474.md) - [zh-CN](https://longbridge.com/zh-CN/topics/37188474.md) - [zh-HK](https://longbridge.com/zh-HK/topics/37188474.md) author: "[一起踏踏实实](https://longbridge.com/en/profiles/13340712.md)" --- # I think Xiaomi will replace Alibaba in the second … ### Related Stocks - [01810.HK](https://longbridge.com/en/quote/01810.HK.md) - [81810.HK](https://longbridge.com/en/quote/81810.HK.md) - [XIACY.US](https://longbridge.com/en/quote/XIACY.US.md) - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [BABA.US](https://longbridge.com/en/quote/BABA.US.md) - [89988.HK](https://longbridge.com/en/quote/89988.HK.md) - [HXXD.SG](https://longbridge.com/en/quote/HXXD.SG.md) - [HBBD.SG](https://longbridge.com/en/quote/HBBD.SG.md) ## Comments (20) - **Xena · 2025-12-17T08:30:02.000Z**: Doubao's phone model, according to the current market, is more about gimmicks than practicality. The usage scenarios for phones are already weakening, and the demand for automation isn't significant, not to mention that the entry traffic of major apps isn't easily loosened. The model's feedback to i - **Owhathappen · 2025-12-17T07:03:37.000Z · 👍 1**: People who are bullish on Xiaomi basically judge it this way - **Neozzz · 2025-12-17T06:46:52.000Z**: Well said, I'm going to buy Alibaba now - **moderndog · 2025-12-17T06:46:24.000Z**: According to what you said, isn't AWS the same approach? - **McMing · 2025-12-17T06:36:00.000Z · 👍 2**: Recently, the hype around AI both domestically and internationally has begun to fade. Only truly practical, high-frequency embodied AI can lead the future. In this regard, I can only see Tesla and Xiaomi. Even Nvidia, which sells the 'shovels,' will gradually lose its shine in the near future.Additi - **小飞棍来啦** (2025-12-17T06:55:07.000Z): Same feeling👍🏻 - **玉衡九九 · 2025-12-17T06:27:35.000Z · 👍 3**: Another point is that the biggest threat to Taobao's e-commerce foundation is not PDD, but Douyin e-commerce. - **一起踏踏实实** (2025-12-17T06:32:51.000Z): Alibaba can only rely on subsidies to maintain market share - **玉衡九九** (2025-12-17T07:06:33.000Z): Payment and WeChat are at a disadvantage, e-commerce can't compete with Douyin and PDD - **1111111111111111111** (2025-12-17T08:14:45.000Z): Isn't Pinduoduo maintaining market share through subsidies? In terms of Douyin's live-streaming e-commerce market share alone, there won't be much fluctuation. - **deguang · 2025-12-17T06:11:02.000Z · 👍 1**: The model is indeed burning money, but Lei is reluctant to spend, so it's hard to believe it can be done well. - **一起踏踏实实** (2025-12-17T06:18:32.000Z): It must be done well, after all, AI is the brain, and autonomous driving requires large model capabilities. - **一起踏踏实实 · 2025-12-17T05:13:20.000Z**: The key point is, Xiaomi released its own model today, let the bullet fly for a while - **GLL66 · 2025-12-17T05:03:48.000Z · 👍 1**: Alibaba will invest about 400 billion in data centers over the next 3 years. Can Xiaomi invest 50 billion to build data centers? What a joke. - **一起踏踏实实** (2025-12-17T05:12:18.000Z): With so many end users, do you think Xiaomi will still rely on external parties instead of building its own data center? - **热血青年** (2025-12-17T05:16:21.000Z): This data center invested 400 billion in 3 years. Can it make the money back within 10 years?Xiaomi won't invest that much. Xiaomi's money is spent wisely. Xiaomi Auto has already turned a profit in l - **小飞棍来啦** (2025-12-17T06:30:54.000Z): Yes, whether the investment can be recouped is still a big question. The CEO of OpenAI also said that the future is about competing on hardware. - **悠悠的户晨风 · 2025-12-17T04:48:08.000Z · 👍 1**: How many pounds of fake wine did you drink?