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BABA
Forbes
1 min

Alibaba Looks To Future With ChatGPT Inspired App And Tokenization

1. Alibaba redesigns AI app Qwen to enhance e-commerce integration. 2. New app aims to compete with ByteDance and Tencent in AI services. 3. Focus on cross-border payments with a tokenized network to launch soon. 4. Alibaba's cloud sector shows significant growth amid AI advancements. 5. Eddie Wu highlights plans for a robust AI service stack.

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FAQ

Why Bullish?

Alibaba's push into AI and e-commerce could significantly boost user engagement and revenue, similar to Amazon's strategic tech upgrades.

How important is it?

Aggressive AI strategy and payment system innovations suggest a potential upward trend for BABA, enhancing investor confidence.

Why Long Term?

Investments in AI and new payment systems could provide sustainable revenue growth over time, akin to Alibaba's past growth with cloud services.

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