BUZZ-Alibaba climbs on report highlighting positive reviews for Quark

Reuters03-18

** Alibaba's HK shares 9988.HK climb 5.9% to HK$143.5, highest since March 7

** Stock fourth biggest pct gainer on Hang Seng Index .HSI and Hang Seng Tech Index .HSTECH

** Alibaba's AI assistant Quark gets positive reviews in China, raising its prospects of becoming a "killer app" in the field, South China Morning Post reports

** Launched last Thursday, Quark is powered by Alibaba's Qwen reasoning AI model and designed for general users as an online search and cloud storage tool, report adds

** Jefferies says Alibaba sees huge addressable market for AI

** Adds open source models unlock creativity

** Stock up ~73% YTD

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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