Alibaba-W Shares Climb Over 3% Following Launch of Enterprise AI Platform "Wukong"

Stock News03-17 11:27

Alibaba-W (09988) rose more than 3%, with a gain of 3.28% to HK$138.3 at the time of writing. The trading volume reached HK$5.412 billion. On March 17, Alibaba introduced "Wukong," described as the world's first enterprise-grade AI-native work platform, designed to enable every team and company to operate with a "24-hour digital workforce." Wukong is a standalone application that has begun invitation-based testing and will also be directly integrated into DingTalk, used by over 20 million organizations. The platform fully supports connections to users’ DingTalk accounts, secure access permissions, and enterprise application systems. At the same time, Alibaba’s ToB capabilities will be gradually embedded into the platform in the form of "skills," serving as a unified interface for the company’s AI offerings in enterprise work scenarios. Notably, Alibaba recently established the Alibaba Token Hub (ATH) business group, aimed at building a new organization focused on "creating, delivering, and applying tokens," directly led by CEO Yongming Wu. This move signals Alibaba’s intention to create a unified "token scheduling center" to fully support its core AI business units. Analysts noted that the formation of the ATH business group also integrates Alibaba’s internal application ecosystem, which is expected to help the company coordinate the implementation of both B-end and C-end applications.

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