Alibaba's New Qwen Update Reinforces 'Super-App' Strategy -- Market Talk

Dow Jones01-16

0848 GMT - Alibaba's new Qwen update is likely to help the company to create a "super-app" in the AI era, DBS's Andy Yu says in a research note. The new Qwen update "reinforces Alibaba's super-app strategy, where deep integration with commerce, payments and local services enables closed-loop execution," the bank says. DBS expects Qwen's competitiveness in the e-commerce and online travel segments to improve, as AI can be a significant help to users in researching and planning. The bank maintains a buy rating on Alibaba but trims its target price to HK$213.00 from HK$223.00 on sum-of-the-parts methodology. Shares closed 1.0% higher at HK$166.20. (tracy.qu@wsj.com)

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January 16, 2026 03:48 ET (08:48 GMT)

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