Alibaba's Qwen App Update Marks Major Development in AI Agent Era -- Market Talk

Dow Jones01-15

0815 GMT - Citi views Alibaba Group's recent update to its Qwen app as a major step in its push into the AI agent era. This will be the first in the world to enable AI-powered shopping functions, Citi analysts say in note. Alibaba is likely to allocate a higher promotional budget to support user adoption of the app in 2026, they say. This will help the company handle "potential viral ramp of applicability of AI agents across real-world scenarios in both work productivity and personal lifestyle enrichment," they say, adding that the latest update could mark "the beginning of potential monetization opportunity for consumer AI apps in China." Citi maintains a buy rating with a target price of $197.00 of its ADRs, which last traded at $169.90. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

January 15, 2026 03:15 ET (08:15 GMT)

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