--- title: "UBS: Optimistic about China's AI cost advantages, prefers Alibaba, Baidu, Tencent, and Kuaishou" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/276679481.md" description: "UBS released a research report optimistic about the intelligence level and cost-effectiveness of China's AI models, predicting that AI will achieve large-scale applications by 2026. The application scenarios in China and the United States are diverging, with China focusing more on consumer-end services. During the Spring Festival, Tencent, Alibaba, Baidu, and others launched red envelope activities to promote AI product traffic and drive user penetration rates. The report pointed out that the gap in AI model capabilities is narrowing compared to globally leading laboratories, and investment sentiment is improving. UBS is optimistic about Alibaba and Baidu's full-stack AI capabilities, as well as Tencent and Kuaishou's potential in AI applications" datetime: "2026-02-24T03:46:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/276679481.md) - [en](https://longbridge.com/en/news/276679481.md) - [zh-HK](https://longbridge.com/zh-HK/news/276679481.md) --- > 支持的语言: [English](https://longbridge.com/en/news/276679481.md) | [繁體中文](https://longbridge.com/zh-HK/news/276679481.md) # UBS: Optimistic about China's AI cost advantages, prefers Alibaba, Baidu, Tencent, and Kuaishou According to the Zhitong Finance APP, UBS has released a research report stating that by 2026, AI agents are expected to achieve large-scale applications, with AI usage scenarios shifting from dialogue to action. However, the application scenarios in China and the United States are diverging, with the U.S. focusing more on enterprise applications, while China is increasing investment in consumer services. In terms of monetization of enterprise AI, leading global AI laboratories (such as Anthropic and OpenAI) will focus more on enterprise development and monetization in 2026. Notably, Chinese AI models (such as MiniMax, Kimi, and GLM) have significantly increased their share in the emerging agent product OpenClaw. UBS is optimistic about the long-term share growth of Chinese AI models in the global enterprise API market, thanks to their continuously improving intelligence levels and cost-effectiveness advantages. The report points out that major Chinese internet companies launched red envelope activities during the Spring Festival to drive traffic to AI products, including Tencent (00700) with its Yuanbao (CNY 1 billion), Alibaba (09988) with Tongyi Qianwen (CNY 3 billion), and Baidu (09888) with Wenxin Yiyan (CNY 500 million). UBS believes this will accelerate the penetration rate of AI, especially among users in lower-tier cities, and promote the use of AI functions such as image and video generation and real-time commerce. The report mentions a wave of model releases during the Spring Festival, with the capabilities of related models further narrowing the gap with leading global AI laboratories. UBS believes that the ongoing disruptive narrative around AI has boosted investment sentiment among model providers, but has made investors cautious about vertical platforms and application companies. In addition to recently giving MiniMax (00100) an initial investment rating, the bank is optimistic about Alibaba and Baidu's full-stack AI capabilities among internet giants, as well as Tencent and Kuaishou (01024)'s potential in AI applications ### 相关股票 - [Tencent (TCEHY.US)](https://longbridge.com/zh-CN/quote/TCEHY.US.md) - [BABA-W (09988.HK)](https://longbridge.com/zh-CN/quote/09988.HK.md) - [Baidu (BIDU.US)](https://longbridge.com/zh-CN/quote/BIDU.US.md) - [Tencent Holdings Limited (TCTZF.US)](https://longbridge.com/zh-CN/quote/TCTZF.US.md) - [Alibaba (BABA.US)](https://longbridge.com/zh-CN/quote/BABA.US.md) - [TENCENT (00700.HK)](https://longbridge.com/zh-CN/quote/00700.HK.md) - [BIDU-SW (09888.HK)](https://longbridge.com/zh-CN/quote/09888.HK.md) - [KUAISHOU-W (01024.HK)](https://longbridge.com/zh-CN/quote/01024.HK.md) ## 相关资讯与研究 - [2 Beaten-Down AI Stocks Investors Shouldn’t Dump Yet](https://longbridge.com/zh-CN/news/279827679.md) - [From AI Fabs to Fintech: Four New Tools for Fast Narratives](https://longbridge.com/zh-CN/news/279800895.md) - [12 AI stocks that will skyrocket](https://longbridge.com/zh-CN/news/279274043.md) - [AI Transformation at Risk: APIs Emerge as the Primary Attack Surface, Akamai Research Finds | AKAM Stock News](https://longbridge.com/zh-CN/news/279412508.md) - [Jefferies' Goodman: 'Early' in the AI Disruption Story](https://longbridge.com/zh-CN/news/279393269.md)